The market sentiment in 1921 was very bad for stocks. In fact, a week ago in 1921, Andrew Mellon (Treasury Secretary) suggested retail investors avoid stocks. This was covered in my post last week.
Sentiment is going to flip around 1923-1924 (once we clear the 1920 top) and only strengthen into 1929.
The market sentiment in 1921 was very bad for stocks. In fact, a week ago in 1921, Andrew Mellon (Treasury Secretary) suggested retail investors avoid stocks. This was covered in my post last week.
Sentiment is going to flip around 1923-1924 (once we clear the 1920 top) and only strengthen into 1929.