Mamis Investor Sentiment Cycle: Biotech, Utilities, And Bonds
Edition  Looking at today’s ETF Worksheet research there is a
pattern that is worth noting.  ETF Worksheet  20120718 ETF
Pattern 640x225   We can clearly see that investors are buying
up Biotech ETFs, Fixed Income ETFs and Utility ETFs.  Where in
the Mamis Investor Sentiment Cycle can these sectors be in
currently?  15 sentiment  ENTHUSIASM Phase Perhaps?  At this
point, we detect a subtle change in psychology, a shift from the
fear of loss to the fear of missing out, and the appetite for
risk becomes evident. Investors buy on faith, bolstered by
analyst and media reports projecting the trend to continue. As
price rises to new highs, they all scream, “It’s a breakout!”
They are supremely confident that the best is yet to come.  The
high made in the Returning Confidence phase typically marks the
‘point of breakout’ and becomes an important psychological
number. We know this high is where sellers showed up before, and
if price should sink below this