FREE: When an investing theme has become so widespread it has even reached the editorial committee of Time or Newsweek, it is usually at the end, not the beginning of its run.
Investment signals in a magazine cover
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One of the more infamous and misunderstood market signals is the magazine-cover indicator. Created by Paul Macrae Montgomery, this contrary indicator essentially tells us when some investment theme or fad has reached a crescendo. The thinking goes that by the time …