www.marketwatch.com
Market timers, known for their attempts to predict market highs and lows, are currently exhibiting excessive optimism, indicating a potential market peak. This widespread exuberance among market timers historically precedes market corrections. Consequently, this bullish sentiment is considered a negative signal for both stocks and gold, suggesting that these asset classes may be due for a downturn in the near future. The contrarian nature of market timing implies that when most are bullish, a correction is likely.
