V.6:8 (298-300): Contrary opinion by R. Earl Hadady

V.6:8 (298-300): Contrary opinion by R. Earl Hadady
Item# \V06\C08\CONTRAR.PDF
Availability: In Stock

Product Description

Contrary opinion by R. Earl Hadady

Facts are unimportant! It's what they are perceived to be that determines the course of events. That, in a nutshell, is what drives the principles of contrary opinion that are at work in various human activities, particularly the markets.

A contrary opinion is simply the opposite of what the vast majority of people think the course of events will be. For example, the principles of contrary opinion indicate that if practically everyone believes there is going to be a shortage of crude oil and acts accordingly by buying small cars, restricting their travel and similar measures, an oil glut will occur.

That's obvious, you say! If that's your comment, perhaps you've forgotten the oil crisis that we experienced in 1978 and 1979 here in the United States. Perhaps you weren't lined up at the pump trying to buy a few gallons of gas for your car. In those dire days, the experts were predicting that the real crunch was yet to occur. In the early '80s, a very knowledgeable oil geologist friend of mine told me the oil industry had projected 1985 to be the crisis year of short supply and high prices. Contrarily, it was the year in which we began to experience an oil glut and a drop in prices!

The principles of contrary opinion are equally applicable to the stock and futures markets, real estate, the economy, inflation and similar financial activities. History is strewn with numerous examples of situations where a contrary opinion was profitable. Two of the more widely known and often quoted instances are "The Mississippi Scheme" and "Tulip Mania."

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order