Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
I’m going off on this a bit this morning because both my inbox (Institutional Client emails) and Tweeter stream is decked to the max with questions on “why” I’m seeing this in “momentum” now…
This immediate-term feedback I put myself in a position to receive is both a blessing and a curse. It’s a blessing because being in the fishbowl let’s me see the behavior of the crowds. It’s a curse because sometimes it drives me nuts.
Yes, I have feelings too!
But, I won’t let my #behavioral weaknesses get the best of me this morning. Nope. Instead, I’ll do what I always try to do when the crowd is panicking AFTER proactively predictable factor-based moves – I slow The Game down while the crowd’s emotions pick up.