Comments on: Yahoo Finance Launches Investor Sentiment

By: Kavit Haria

Kavit Haria — Thu, 13 Sep 2007 19:10:21 +0000

Same as Jon, I don’t really agree or use such things. Worth a try maybe later.

By: Aaron

Aaron — Wed, 12 Sep 2007 21:19:09 +0000

I agree with the fact that this is unlikely to very useful. The Yahoo message boards have just gone downhill by the month lately, with almost nothing good coming out of them anymore. This will likely not be looked upon very favorably.

By: Blain

Blain — Wed, 12 Sep 2007 17:49:06 +0000

sounds like fun

By: Mikel

Mikel — Wed, 12 Sep 2007 17:11:03 +0000

I hjad not considered this idea after reading “CAPS” from over at the fool. The aggregate of all sentiments = the market. Maybe this is the dawn of a new form of Technical Investing, we read the caps ratings then follow the pump, then be ready to take the dump before everyone else. It can be called Toilet technicals……

By: Jon Nichols

Jon Nichols — Wed, 12 Sep 2007 07:38:21 +0000

Excellent post. I’ve never found much use from those kinds of ratings sites. Taking the aggregate of all opinions just seems counterproductive. Plus, the larger the sample size, the closer you would expect to approximate the market as a whole. At that point, just buy a broad index fund (VTI, for example).

The other problem with stock picks like this is that there’s no context for your overall situation. Just because Krispy Kreme is a BUY doesn’t mean it’s a buy for you.

What I’ve hoped that we’ve been able to provide with SteamStreet (http://www.steamstreet.com) is a place to collaborate with people you know and trust to help make the best decisions. And we organize around your portfolio, instead of just individual stock picks. We’re still building, but I hope everyone takes a look and lets us know how we’re doing. Since the review on this site, we’ve made some big improvements.