Professor Elam

Friday Sept  23, 2016

A A Marketwatch commentator calls for Stumpf to resign.

We know that maximum social mood occurs in the final stages of a move. And we know that herding contributes to this.

This is how so many manias end with a parabolic move up, as in the dot.com craze of 1998-2000. Then the NASD moved 3,500 of it 5,000 points form 1982 in the last two years of a 18 eyar bull market.

We see the same thing in market bottoms as when oil recently fell to $28 from $110.

The same thing is happening to Mr. Stumpf.  Just a few years back WFC was held as an example of how to survive a banking crisis. Now WFC IS the banking crisis.

We will be examining the number of articles run calling for his resignation.I am guessing graphically speaking, it is going parabolic to the upside right about now.