Peter Eliades SMC Update Week Ending 8-7-20

08/09/2020


Comments (2)

You cannot post comments.
Sign up for the Video or Bundle membership now and get access to exclusive content!
Login for Members

cam156
cam156

Thanks Peter. What about other sentiment measures?

Heinz75
Heinz75

Great videos, thanks Peter. I've been an investor for many years but am new to your way of thinking. When you express concern about the indices not climbing much higher you sound like a value investor. I've used the Shiller index to help avoid downturns. It reached 32.6 in the early fall of 2018 before the big slide; it was 32.6 just before the Great Depression too. And it hit 32.3 this past winter just before the most recent slide. Today it is again at 32.3, and it only dropped to 25 in March. If AAII members follow this index it may explain their bearish sentiment. Historically the index mean/median is in the mid-teens and we are a long ways from there. You said in a much earlier video that you shorted the market in February, could you please review the software projections that led you to make that move and also comment on Shiller? Right now Shiller would agree with other commenters who are concerned about market tops or at least index tops or rotations. That suggests we should sell to lock in recent gains, or hedge, or both. Thanks again for your insights.

1-2 of 2