{"id":463,"date":"2009-10-21T15:23:25","date_gmt":"2009-10-21T15:23:25","guid":{"rendered":"http:\/\/blog.malik-management.com\/?p=463"},"modified":"2009-10-21T15:23:25","modified_gmt":"2009-10-21T15:23:25","slug":"stimmung-bullish-vorbote-fur-trendumkehr","status":"publish","type":"post","link":"https:\/\/www.malik-management.com\/de\/stimmung-bullish-vorbote-fur-trendumkehr\/","title":{"rendered":"Stimmung bullish &#8211; Vorbote f\u00fcr Trendumkehr"},"content":{"rendered":"<p>Mehr als 90% der Investoren sind <strong>bullish<\/strong>, was die Allgemeinheit als einen Beweis ansieht, dass der Aufw\u00e4rtstrend sich fortsetzt. Unter anderem gibt es daf\u00fcr zwei Gr\u00fcnde. Erstens: die \u00dcberzeugung \u201eEs k\u00f6nnen doch nicht alle Investoren falsch liegen &#8230; Sind doch gewiefte Leute &#8230;&#8220; Und zweitens: in der Mehrheit f\u00fchlt sich die Mehrheit eben wohl und sicher \u2013Menschen ebenso wie Lemminge.<br \/>\nSolche extremen Sentiment-Readings sind aber im Gegenteil <strong>regelm\u00e4ssig<\/strong> ein Warnsignal daf\u00fcr, dass der Trend umkehrt. Warum? Wer bullish ist, ist meistens schon im Markt. Wenn das mehr als 90% sind, dann bleiben nur noch wenige \u00fcbrig, die draussen stehen, weil sie noch bearish sind und die einzigen sind, die durch weiteres Kaufen die Preise noch h\u00f6her treiben k\u00f6nnten.<br \/>\nExtreme Sentiment-Readings sind nur h\u00f6chst selten ein Indiz daf\u00fcr, dass es in derselben Richtung weitergeht wie bisher. In 40 Jahren Erfahrung mit den Finanzm\u00e4rkten\u00a0 und ihrer Komplexit\u00e4t habe ich gelernt, dass komplexe, dynamische\u00a0 Systeme\u00a0 &#8211; zu denen die B\u00f6rsen geh\u00f6ren \u2013 sich sogenannt <strong>\u201ekontraintuitiv\u201c<\/strong> verhalten. Was allen wahr erscheint, weil es intuitiv plausibel ist, erweist sich fast immer als falsch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mehr als 90% der Investoren sind bullish, was die Allgemeinheit als einen Beweis ansieht, dass der Aufw\u00e4rtstrend sich fortsetzt. Unter anderem gibt es daf\u00fcr zwei Gr\u00fcnde. Erstens: die \u00dcberzeugung \u201eEs k\u00f6nnen doch nicht alle Investoren falsch liegen &#8230; Sind doch gewiefte Leute &#8230;&#8220; Und zweitens: in der Mehrheit f\u00fchlt sich die Mehrheit eben wohl und sicher \u2013Menschen ebenso wie Lemminge.  [&#8230;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[141],"tags":[191,204,259,302,308],"class_list":["post-463","post","type-post","status-publish","format-standard","hentry","category-kategorie-allgemein","tag-borse","tag-dynamik","tag-mehrheit","tag-systeme","tag-trend"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stimmung bullish - Vorbote f\u00fcr Trendumkehr - Malik Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.malik-management.com\/de\/stimmung-bullish-vorbote-fur-trendumkehr\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stimmung bullish - Vorbote f\u00fcr Trendumkehr - Malik Management\" \/>\n<meta property=\"og:description\" content=\"Mehr als 90% der Investoren sind bullish, was die Allgemeinheit als einen Beweis ansieht, dass der Aufw\u00e4rtstrend sich fortsetzt. 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