Contrarian Indicator - IMD Investment Basics

In a recent article, I mentioned how contrarian indicators may be a useful tool for judging when the market has reached a short-term or long-term bottom. Here is an interesting one I have come across recently.

I use the Wall Street Journal website
to occasionally crosscheck market data and found this ad flashed prominently.

Yes, you did read it correctly-it's the Wall Street Journal's guide to the end of Wall Street.
It's needless to say that such titles almost inevitably come out at market bottoms, and Wall Street has continued to survive in spite of them. However, the fear generated by such books and by the financial press is often what pushes the unwary investor to sell off in a panic- a panic which then marks the bottom of the current cycle.

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