Skip to comments.Citi: Rebounding Sentiment Forecasts Even Further Gains For Stocks
Posted on 10/16/2010 2:35:39 PM PDT by blam
Citi: Rebounding Sentiment Forecasts Even Further Gains For Stocks
Vincent Fernando, CFA
Oct. 16, 2010, 9:18 AM
Market sentiment has finally back to normal according to Citi's Panic/Euphoria model. The firm notes that sentiment is now 'barely in panic territory' in its latest PULSE Monitor report.
This weeks Panic/Euphoria reading was -0.21; versus last weeks revised number of -0.23, generating a high probability of a rally over the next six-to-12 months.
What's interesting is how well this model worked during the recent crisis, whereby forward returns (shown in gray above) ended up being high when sentiment collapsed in early 2009 (shown in blue above). It's also starting to look like the drop in sentiment during Q2 of this year will end up having been a good buying opportunity as well.
(Excerpt) Read more at businessinsider.com ...
Every thing’s ok, don’t believe your lying eyes.
Sell the news or in this case, short it.
Oh great Citigroup, so now I can expect that turnaround on your stock that I purchased for $45 that is now worth $4.
short every wall street bank around ... the mortgage mess is no joke.
They’re trying to rope in the suckers.