I usually read Frances Horodelski morning email. For those of you who follow Business News Network you’ll recognize the her as one of the smartest people on Financial TV. Here is an excerpt from this mornings email
If you want a reason to be cautious, sentiment readings have headed higher again for the bulls (both the AAII and the Investors Intelligence surveys are above 50%) and bear readings have plunged (down to 15.1% for the II survey). These bearish readings are the lowest since early 2014 and the lowest since before the 1987 crash.
I rest my case
George Gutowski writes from a caveat emptor perspective.