Unofficial indicator of market bottom
By stlplace on Feb 11, 2008 in Master Series
Peter Lynch once described our human’s psychology about stock market during different cycles, in his book One Up on Wall Street. I remember he used a party as an example, and he looked at the number of people approached him (people know he is a fund manager), and the amount of conversations about stocks, as an unofficial indicator about the market. So, for instance, in a red hot market, almost everyone came up to him and recommended his/her stock pick; while in a bear market, people will talked about “how is the weather”, and pretty much regard him as a dentist.
According to my observation, we are somewhere in between at this time. I mean, people think the stocks are risky, if not toxic 
I would really be interested in learn how this plays out in the gatherings of Chinese New Year back home.
