Can Tickerhound questions be used as a contrarian indicator?
It seems to me that the level of fear, even among the very sophisticated investors of the Tickerhound community, has been rising in the past week or two. Just looking at the questions makes me wonder if we are close to the bottom of the stock market now. So I wonder, can we use the number of anxious sounding questions as a contrarian indicator to call a bottom? Sometimes I see the same phenomenon here regarding individual stocks or sectors. Would love to hear people's thoughts on this.
Best Answer
142 points
sihowe answered one year ago …
Good question, Ethan. With everyone shouting that the sky is falling, I've been wondering the same myself. Another good contrarian indicator would probably be the Jim Cramer Index. Seems to be working quite well so far!
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989 points
rvilmur answered one year ago …
Ethan, wherever the crowd is, you want to be contrary to it. Sometimes you are early and get pounded; but if you have some staying power, I think that now is a good time to buy very high dividend paying stocks that still have a good business to be in. I really like the Canadian Energy Royalty Trust stocks here as most are now paying more than 20% dividends even with taking the payout in Canadian dollars into account. The 15% Canadian withholding tax is most returned by taking a foreign tax credit on your U.S. return.
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rvilmur answered one year ago …
I forgot to give you some ticker symbols to investigate. Look at AAV, HTE, PVX, and PWE.
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