Loading ...Armstrong says: ” At the bottom, the opposite unfolds for everyone will be short. They will pile on looking for $600 gold and will count their profits upon entering the trade. They become the fuel to send the market higher for it always begins with a short-cover rally;…….. So yes, the majority must always be wrong. That is how highs and lows are established. Going into the low, the vast majority of analysts will flip to bearish”
Murphy says “sentiment is as low as ever”
I’m inclined to agree with Murphy. I know I am as disgusted as I have even been. and I am a true believer. If we are not at the rock bottom, we are close. When the last Bull sells there is no where to go but up.