When everyone is scared, should you be?
Really, when everyone is looking for the chance to sell, or take money off the table, could it really be time to sell? Or buy?
Surely, many indicators do suggest a downturn is coming … if not already here.
Last week I discussed using crude oil and copper as potential indicators for such a move. Copper seems to be following in line with it weekly wave count suggest a large move lower is in the cards. And speculative long crude oil positioning is still high, though will likely drop after the adverse price action this week.
Now more to the recent scariness …