Sitting with the thinker
Trying to work it out
It's a traffic jam of the brain
Makes you want to scream and shout
As US equity indexes mark more new highs, sentiment predictably gets more lopsided. The Investors Intelligence newsletter survey captures the optimism:
In fact, the difference between II bulls and bears has never been higher:
The log periodic bubble model appears to be playing to completion in a buying panic.
Risk is high.
position in SPX