Sentimental Journey

You talk about things that nobody cares
You're wearin' out things that nobody wears
You're callin' my name but I gotta make clear
I can't say baby where I'll be in a year
--Aerosmith

Interesting chart by Jason Goepfert who studies market sentiment. Individual investors have their highest stock allocations since late 2007 and the lowest cash levels. Am assuming this is asset allocation measured in brokerage accts.

People are funny in that they love stocks when they're higher and hate 'em when they're lower.

The stuff trend reversals are made of.