Contrarian Indicator: The MSM

When the mainstream media keeps asking if commercial real estate is the next shoe to drop, you can almost be positive that it’s not.

Market watchers have often used the cover of MSM publications like Time and Newsweek to call the peak of markets.  The theory goes that by the time the story is compelling enough to get the attention of the publishers of mainstream publications, all of the opportunity is likely out of the market.

This image is from the June 2005 issue of Time.

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So what do you do if the MSM is calling the market both ways?  That’s a pickle.

The image below is a screenshot from Time.  The question: Is commercial real estate bouncing back?

image

Does this mean that the mini-recovery is over?

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