Subjective
There are all kinds of observations we can make every day concerning the underlying mood of stock, real estate, and any other kind of investor. From CNBC (business channel) instead of ESPN (sports network) gracing the TV screens in bars and barber shops across the country to noticing more of your own friends quitting their jobs to become real estate investors full time, we can immediately deduce that something is not quite right.
Like the magazine cover indicator, when the general public and those not usually associated with a trend start to focus on it, then odds are that trend is nearing its end. It even applies to those with more of a connection yet no true experience in the industry. Mike Epstein, a long-time floor trader from ...
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