Blindfoldedmonkey: CNBC is a good marker of Bull Market?

Monday 2 September 2013

CNBC is a good marker of Bull Market?

The CNBC published last month the rate how many people are watching them. You should have to know that normal investors and new runners love to watch CNBC, they believe in that there is wisdom, and love to listen to the experts. I have a statement here, if more people involved in the markets, more people need to watch the CNBC that is the positive correlation.

Since 2008 we are in a brutal bull market. The biggest reason is the cheap money thanks to the central banks. But it is strange thatthe mass still doing nothing with stocks and as my experience says it is a good sign. Normally happens that in the bull markets the CNBC is loved by everybody, when the bubbles are growing the CNBC is getting to be more and more popular. CNBC experts, reporters and anchors act like rock stars they are the hero of millions. Everyone knows them.

This August CNBC touched very low ratings against that the SP500 gained more than 16% in the last year. The rating is in 20 years low. NY Post found that there is only 37k viewers (age 25-55) on daily base.

The flagship magazines of CNBC - Fast Money, Mad Money and The Kudlow Report - are in all time low. That means the mass doesn't care about the market at all, not yet.

Ok, I know people get started to use Twitter and Internet, but this kind of huge backdrop means something. This low sentiment tells me the last period of turbulence, the parabolic movement of the market is still ahead of us

All in all the indexes are close to all-time highs and the confidence and TV ratings are low - in my interpretation is another sign this bull market could have a long way to go.



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