Friday, February 10, 2012

Sky-High Bullish Sentiment Suggests Caution is Warranted


We have not yet tested these sentiment indicators for significance, but with stock market sentiment reflecting such extreme bullish confidence, one has to wonder who is left on the sidelines with cash ready to push this market higher.

S&P500 Price (top) and Mutual Fund Cash as a Percent of Total Assets (bottom)
Source: SentimentTrader
Source: SentimentTrader via Evilspeculator.com 

Source: SentimentTrader via Evilspeculator.com 

Source: SentimentTrader via Evilspeculator.com