Dorsey, Wright Client Sentiment Survey - 3/30/12

March 30, 2012

Here we have the next round of the Dorsey, Wright Sentiment Survey, the first third-party sentiment poll. Participate to learn more about our Dorsey, Wright Polo Shirt raffle! Just follow the instructions after taking the poll, and we’ll enter you in the contest. Thanks to all our participants from last round.

As you know, when individuals self-report, they are always taller and more beautiful than when outside observers report their perceptions! Instead of asking individual investors to self-report whether they are bullish or bearish, we’d like financial advisors to weigh in and report on the actual behavior of clients. It’s two simple questions and will take no more than 20 seconds of your time. We’ll construct indicators from the data and report the results regularly on our blog–but we need your help to get a large statistical sample!

Click here to take Dorsey, Wright’s Client Sentiment Survey.

Contribute to the greater good! It’s painless, we promise.

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Price Signals

March 30, 2012

Shortly after writing my article on the dual nature of prices, I ran across this wonderful article on price signals written by Jonathan Hoenig for Smart Money.

Whether it’s gasoline or groceries, blaming traders because you happen not to care for a market’s prices is like blaming the mailman because you don’t like the mail. They are price messengers, not manipulators.

It’s a nice read and probably especially germane to current bond investors. And Mr. Hoenig may get the prize for the most bluntly named hedge fund in the industry!

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Sector and Capitalization Performance

March 30, 2012

The chart below shows performance of US sectors and capitalizations over the trailing 12, 6, and 1 month(s). Performance updated through 3/29/2012.

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