Contrarian Snippets

As a contrarian investor, some of my recent observations of sentiment and price include:

• Australian Small Cap Resources Index is trading at levels seen 4 years ago
• Gold doesn’t seem as popular
• Uranium and Coal remain unloved
• Investors are upset that their cash deposits are earning so little but they are buying plenty of bonds.
• S&P 500 is touted as being expensive because it’s trading at 1,430
• Retail, Airlines and Media equities are out of favour
• China is apparently heading for a melt-down and the Shanghai Composite Index trades at the same level as 2008