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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: Said   😊 😞
Number: of 6131 
Subject: Re: Bear Catchers
Date: 12/26/22 5:51 PM
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I see much more value in this (Click on 'Timeline'):

edition.cnn.com - Fear and greed

Especially if you recalibrate their scale a little, keeping 0 as the low end of fear (=strongest buy signal), but cutting the upper end already at 75 as the most extreme greed (=strong sell signal).

Compare that with a 1 year S&P chart and be amazed:
- Every single time this index got close to the (recalibrated) scale's end for extreme greed of 75 it was a precious signal to sell.
- Every single time it got close to the scale's end for extreme fear of 0 it was a perfects signal to buy.

I know of only one equally great signal this year: Jim's Major bottom indicator which signaled on Sep 29 --- which was perfectly in line with this index having been in the 'Extreme Fear' zone then (resulting in me having done heavy buying that day).

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