Market Hysteria and Major Turning Points (17:56)
Video talking about market hysteria and major turning points, covering:
- Crude oil in August 2008
- Gold in April 2008 and January 2010
- US Government Bonds in July 2007
- S&P 500 in November 2008 and February 2010
- US Dollar Index in January 2010, and
- Euro in July 2008 and March 2010
All of these major turning points had the same thing in common – the main stream media peddling stories that suckered the man on the street into losing trades.
Ah well, some things never change – the stupidity of the general public and the willingness of the Professionals to take advantage of them.
Update – October 2011
Unfortunately the Google News Archive search function shown in the video above is no longer available. I think this is a tragedy and if you read the comments in the attached link, you’ll see there are plenty of other people who think so too. Oh well, Google does plenty for free so I can’t complain if that is the decision they’ve made.
Update – September 2012
Excellent news. Google have brought back a historical search function for Internet queries: Google Trends. Use it gauge activity and interest in certain keyword searches. For example, Google searches for “Euro” peaked in June 2012, right in the middle of the Euro crisis and a temporary bottom in the Euro at 1.22 against the US Dollar.
I hope you found this video on market hysteria helpful.