Mon 15 Aug 2005
Apparent signs of a stock market approaching a high / the crash is near.
- It is abnormally much talk about the stock market in the media.
- Everybody writing about the stock market is positive and expect a further rise in the stock prices.
- There is talk about possibilities of making huge profits fast.
- The risk of investing in stocks are not mentioned.
- All news are interpreted positive, and bad news do not affect stock prices negatively.
- “All” stocks are increasing in value.
- Both the stock prices and the trading volume reach new highs.
- Everybody is talking about stocks, even your dumb neighbor is buying into the market.
- There are no critical voices to be found.