Therefore, futures traders who rely solely upon sentiment indices as contrary indicators may be misguided. This study examines sentiment from routine financial news and outlines the impact of the media content on three main index futures contracts of Hong Kong Exchanges and Clearing Limited, Bursa Malaysia and Singapore Exchange. The sample selection is based on high a percentage of English usage, thus enabling cross-country comparison.

Secondly, though the silenced opinion be an error, it may, and very commonly does, contain a portion of truth; and since the general or prevailing opinion on any subject is rarely or never the whole truth, it is only by the collision of adverse opinions, that the remainder of the truth has any chance of being supplied. …We have now recognised the necessity to the mental well-being of mankind (on which all their other well-being depends) of freedom of opinion, and freedom of the expression of opinion, on four distinct grounds; which we will now briefly recapitulate. Though used in English for nearly 150 years, the preposition “pace” has yet to shed its Latin mantle, and for that reason it’s most at home in formal writing or in contexts in which one is playing at formality. The Latin word “pace” is a form of “pax,” meaning “peace” or “permission,” and when used sincerely the word does indeed suggest a desire for both. This Latin borrowing is unrelated to the more common noun “pace” (as in “keeping pace”) and its related verb (“pacing the room”); these also come from Latin, but from the word “pandere,” meaning “to spread.” Expert traders find that these assets have lost their appeal as they offer increasingly worse returns on investment.

Each is the proper guardian of his own health, whether bodily, or mental and spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest. The price of the asset after the fall does not return to the initial point, since more participants in the market have been trapped and are confident that the price will recover. The management of the school, in Leeds, said multiple investigations found staff had no case to answer and the expert views were a “difference of opinion”. MPs were allowed a free vote on the bill – a reflection of how differences of opinion on the matter defy party lines. He also insisted that Nato, the North Atlantic Treaty Organization, remains unified over the war in Ukraine, despite differences of opinion expressed recently by both Hungary and Slovakia.

• Contrary, perverse, restive, balky, wayward mean inclined to resist authority or control.
• Those who are still in a state to require being taken care of by others, must be protected against their own actions as well as against external injury.
• Despotism is a legitimate mode of government in dealing with barbarians, provided the end be their improvement, and the means justified by actually effecting that end.
• Our team of experts will be with you every step of the way on your journey to becoming a better trader.
• With such market data, we can evaluate whether the changes in the market can be described by the theory of contrary opinion.

This research examines the effect of the announcement of the consumer sentiment index issued by the University of Michigan on US stock and stock futures markets. The right inherent in society, to ward off crimes against itself by antecedent precautions, suggests the obvious limitations to the maxim, that purely selfregarding misconduct cannot properly be meddled with in the way of prevention or punishment. The making himself drunk, in a person whom drunkenness excites to do harm to others, is a crime against others. The maxims are, first, Contrary opinion that the individual is not accountable to society for his actions, in so far as these concern the interests of no person but himself. Advice, instruction, persuasion, and avoidance by other people if thought necessary by them for their own good, are the only measures by which society can justifiably express its dislike or disapprobation of his conduct. Secondly, that for such actions as are prejudicial to the interests of others, the individual is accountable and may be subjected either to social or to legal punishments, if society is of opinion that the one or the other is requisite for its protection.

Contrary Opinion: Using Sentiment to Chart the Markets

The theory of contrary opinion predicts price reversals following extremes in market sentiment. This research tests a survey-based sentiment index’s usefulness as a contrary indicator across 28 U.S. futures markets. Using rigorous time-series tests, the sentiment index displays only a sporadic and marginal ability to predict returns, and in those instances the pattern is one of return continuation-not reversals.

Examples of contrary in a Sentence

• When employed in a trading strategy, IV-sentiment delivers economically significant results, which are more consistent than the ones produced by the market sentiment factor.
• Emphasizing the importance of evidence-based reasoning over subjective opinions can lead to more productive dialogues and a greater understanding of the world around us.
• Such oppositions of interest between individuals often arise from bad social institutions, but are unavoidable while those institutions last; and some would be unavoidable under any institutions.
• This research tests a survey-based sentiment index’s usefulness as a contrary indicator across 28 U.S. futures markets.
• The only freedom which deserves the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it.

It is desirable, in short, that in things which do not primarily concern others, individuality should assert itself. Where, not the person’s own character, but the traditions or customs of other people are the rule of conduct, there is wanting one of the principal ingredients of human happiness, and quite the chief ingredient of individual and social progress. This study shows that investor sentiment has a positive impact on price volatility and bid-ask spread in both the spot and futures markets, which induces higher arbitrage risk and trading costs.

By incorporating antonyms, individuals can highlight differences in beliefs, preferences, or judgments, leading to a richer exchange of ideas. Here is where we can see the events expected by the theory of contrary opinion unfold. By recognizing the distinction between opinions and facts, individuals can better navigate discussions, debates, and decision-making processes. Emphasizing the importance of evidence-based reasoning over subjective opinions can lead to more productive dialogues and a greater understanding of the world around us.

How ‘Namaste’ Entered The English Language

The principles asserted in these pages must be more generally admitted as the basis for discussion of details, before a consistent application of them to all the various departments of government and morals can be attempted with any prospect of advantage. The few observations I propose to make on questions of detail, are designed to illustrate the principles, rather than to follow them out to their consequences. With such market data, we can evaluate whether the changes in the market can be described by the theory of contrary opinion. Trading, then according to the theory of contrary opinion, all they have to do is trade in the opposite direction as most of the market. When discussing opinions, utilizing antonyms can help clarify distinctions and provide a well-rounded perspective on various subjects. These word pairs serve as powerful tools in language, offering a direct counterpoint to a stated viewpoint.

Contrary Opinion: Using Sentiment to Chart the Markets (Wiley Trading)

Such oppositions of interest between individuals often arise from bad social institutions, but are unavoidable while those institutions last; and some would be unavoidable under any institutions. Whoever succeeds in an overcrowded profession, or in a competitive examination; whoever is preferred to another in any contest for an object which both desire, reaps benefit from the loss of others, from their wasted exertion and their disappointment. But it is, by common admission, better for the general interest of mankind, that persons should pursue their objects undeterred by this sort of consequences. In other words, society admits no rights, either legal or moral, in the disappointed competitors, to immunity from this kind of suffering; and feels called on to interfere, only when means of success have been employed which it is contrary to the general interest to permit-namely, fraud or treachery, and force.

Our findings also suggest that IV-sentiment predicts equity markets reversals better than overweight of small probabilities itself. When employed in a trading strategy, IV-sentiment delivers economically significant results, which are more consistent than the ones produced by the market sentiment factor. The joint use of information from the single stock and index option markets seems to explain the forecasting power of IVsentiment. Out-of-sample tests on reversal prediction show that our IV-sentiment measure adds value over and above traditional factors in the equity risk premium literature, especially as an equity-buying signal.

In just a few minutes (or hours for longer documents), you’ll receive your corrected text. Review the changes, make any final adjustments, and confidently share your polished English with the world. Again, there are many acts which, being directly injurious only to the agents themselves, ought not to be legally interdicted, but which, if done publicly, are a violation of good manners and coming thus within the category of offences against others may rightfully be prohibited. Of this kind are offences against decency; on which it is unnecessary to dwell, the rather as they are only connected indirectly with our subject, the objection to publicity being equally strong in the case of many actions not in themselves condemnable, nor supposed to be so.

Contrary Opinion: Using Sentiment to Profit in the Futures Markets

On the contrary, even opinions lose their immunity, when the circumstances in which they are expressed are such as to constitute their expression a positive instigation to some mischievous act. Acts, of whatever kind, which, without justifiable cause, do harm to others, may be, and in the more important cases absolutely require to be, controlled by the unfavourable sentiments, and, when needful, by the active interference of mankind. The liberty of the individual must be thus far limited; he must not make himself a nuisance to other people. But if he refrains from molesting others in what concerns them, and merely acts according to his own inclination and judgment in things which concern himself, the same reasons which show that opinion should be free, prove also that he should be allowed, without molestation, to carry his opinions into practice at his own cost.

Is the theory of contrary opinion economical?

Doubts start to arise and these traders change their position from BULLISH to BEARISH producing a fall in the price of the asset. “I agree with much of what the administration does, but we have differences of opinion,” Musk said in a more muted tone last week, speaking in an interview with CBS. No society in which these liberties are not, on the whole, respected, is free, whatever may be its form of government; and none is completely free in which they do not exist absolute and unqualified. The only freedom which deserves the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it.