Investment Psychology Turns More Positive
Investor psychology recently showed signs of a change, as stock indexes hovered near all time highs.
Here’s what’s going on.
Barron’s just ran a cover story saying the 10-year old bull market could go on for years! and optimistic headlines are showing up all over the media daily.
A golden cross, which adds some real pizzazz to the bullish banter, was formed on April first when the S&P 500’s 50-day moving average crossed above its 200-day moving average.
Golden crosses occur infrequently, the last one was in April 2016 and a strong bull run followed suit.
Golden crosses and dreaded death crosses, which are believed to form at the end of a bull markets, have been a fairly good market signal.
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