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Learn why contrarian indicators move opposite to the crowd. British economist, John Maynard Keynes identified features of financial markets that subject prices to herd-like behavior. “The herd-like nature and influence of animal spirits in financial exchanges, and its potential to shift independently of changes in objective facts, is, according to Keynes, a primary, ineradicable source of economic instability.” Groups move together in crowds and it impacts markets. Media is calling it “animal spirits” - Bloomberg, Barron’s, financial websites. The cover of Barron’s says Dow 20,000, pre-conditioning you to think it’s going there. Look inside Barron’s for some bullish indications that are saying the public is 63% bullish right now. Here are the reasons you need to be a contrarian investor: 1. When a good investment becomes obvious, it’s very late in the game. This means when you’re judging solely by price or return and something has gone up 100% or is crossing 20,000, you are one of the last ones in! I often te