Social media follows the mood.
The media follows mood… pic.twitter.com/YBsB7l78Hi
— Peter Atwater (@Peter_Atwater) January 18, 2018
That’s what makes magazine covers, ads, and bestselling books a great contrary indicator.
Bitcoin on Credit Cards
New Survey Reveals Staggering Number Of People Are Buying BitCoin On Their Credit Cards https://t.co/PHgCL73muC
— zerohedge (@zerohedge) January 13, 2018
Hey, why not. It makes perfect sense. So does Bitcoin mining.
Cryptocurrency Mining Stresses Grid
Cryptocurrency Mining Stresses Electrical Grid in Washington State
Bitcoin Grandma Ads
“Quick! Get Grandma to the Google Play Store!” https://t.co/8Vh9wHe62U pic.twitter.com/H2bHLOtNoG
— Katie Martin (@katie_martin_fx) December 11, 2017
The boat has sailed. The shark has jumped. pic.twitter.com/O0r1y3aBgn
— Peter Atwater (@Peter_Atwater) January 12, 2018
Another Cover Curse?
@Peter_Atwater Another Cover Curse?: It takes special talent to be consistently wrong and make millions doing it. https://t.co/BCQp429EFg pic.twitter.com/xYU2ToLe7Y
— Mike “Mish” Shedlock (@MishGEA) December 10, 2016
Harry Dent Contrarian Book Covers
Economist Harry Dent made a fortune with a series of 100% ass-backward books.
- The Roaring 2000s (1998)
- The Roaring 2000s Investor (1999)
- The Great Depression Ahead (2009)
- The Great Crash Ahead (2011)
- The Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019 (2014)
Bitcoin Pop Group
Meet the “Virtual Currency Girls” a POP CryptoGroup from Japan
The Virtual Currency Girls. That bell ringer may have marked the top.
Mike “Mish” Shedlock
“…she can use a platform like localbitcoins, which asks for very little personal information.” The verbiage reminds me of No Doc Home Loans.
Where have we seen this before? Nikkei and Nasdaq. As “they” say, those who fail to learn from history are doomed to repeat. Memory seems to be so short now.
Contrarian indicators – Real estate flipping schools and Stock investing schools advertisements. Increases in roadside banners advertising apartment complex rent deals. Not so much with the banners yet but the investing school advertisements going strong.
Me thinketh that the retail investor is finally stepping in. Seems to be an enormous buy side imbalance at the moment. For now, all else be damned. I wish madashellowell was still here. I intended for him to be my exit guide.
If harry dent had stopped after writing “The Great Boom Ahead” in1991, he’s be considered an amazing prognosticator. In it he forecast the greatest real estate boom of our lifetime, the Dow to recover quickly from the 1991 slump, and then head to 15,000, and a crash in 2008. Everything he’s said since then has been wrong.
Harry Dent has to be one of the most contrary indicators of all time. And yet, apparently he stills sells books and people read his opinions. Recently I saw his paid ads on ZeroHedge. Anyone that takes ad money from Dent has Zero principles.