CNBC Contrarian Indicator?

CNBC headline: "Five Reasons Why Investors Should Head for the Sidelines: Instability in Europe, protests in the streets of US cities and the implosion of a big Wall Street trading firm—it may be a good time for investors to hang on the sidelines until the storms pass."

= GO LONG (in my opinion)

It seems whenever CNBC posts an article giving advice to the masses, the market usually does the exact opposite. May not be true this time but I wouldn't be surprised...

Those are usually good signals. Of course the number 1 contrarian indicator is...

Magazine Covers: The #1 Contrarian Indicator?

Anybody remember this one?

Quote:

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“Whatever money you may need for the next five years, please take it out of the stock market right now, this week. I do not believe that you should risk those assets in the stock market right now.”

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-- Jim Cramer 9/6/2008