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Temperatures are higher in Australia than the global average, and although half the country is experiencing a severe drought, the other half has already accumulated a year's worth of rainfall. Additionally, 15 out of 20 of Australia's hottest years have occurred since 1980. CSIRO (Commonwealth Scientific and Industrial Research Organization) attributes the drought to natural climate variability. |
Neubert's Trades Opinion Polling is Pointing Bullish - This Decline Might Not be Over
| Opinion Polling is Pointing Bullish - This Decline Might Not be Over |
| Written by David Neubert | |||
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I have been watching CNBC and searching around the web for sentiment indicators. CNBC's Trillion Dollar Opinion Polls had 0% claiming that this was the start of a bear market. The DealBreaker Poll came out at 50/50. Motley Fool investors are bullish. I found that, when people couldn't understand why the market was falling, it would cease to fall. When the market was falling for explainable reasons, it would continue to fall. That was usually the bottom. So for now, I'm waiting and seeing. Am I short in my futures account? No. I want to wait to see how strong the Friday closing turnaround is - and how strong the Monday open looks. A strong close today is actually negative. It means speculators are covering. If serious buyers come, they will come Monday morning.
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