I have long held the belief that popular media offers potent contrarian indicators. The “cover curse” is the most famous, but I’d like to mention a rather curious one specific to our own little industry here: Zerohedge.
See, ZH came into existence in February 2009 (our own beloved Slope was already four years old by then). Right from the get-go, and for years and years after, it was steadfastly cynical, critical, and very bearish. Understandably, I was a big fan. Plus, it made sense that this very bearish publication came out at the almost EXACT bottom of the bear market, which would take place just days later.
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