The research that has been published for the amateur trader/investor who so desperately depends on such information is dividely optimistic. This means that the so called gurus of wallstreet who are responsible for these issued newsletters influence croud behavior with their own bullish bias, but add to the overly bullish sentiment that already exists. So when an individual is confronted with an investment decision, he must question whether that choice will limit his life or be more vulnerable to the conformity that is continually reinforced by the talking heads on wallstreet . A non conformist will ultimately think for himself, be it on an educational, physchological, or intellectual level. Those that have been conditioned to the standardizations of this market place lack the confidence and independence to think for themselves, thus are easily manipulated into making costly decisions, and in some cases, end up terminating their investing career. However, there is still hope for those who assert their individuality and chose to not confirm to the conventional wisdom. He will gradually understand that courage and self-determination does not amount to the ultimate reward which comes in the form of personal satisfaction.
I can honestly say, I am convinced this market is ready to roll over and die. Here are some charts to show you how close we are.