Tuesday, February 4, 2014

Lopsided Sentiment

Chuck Scarett: How are you feeling today?
Joe Scheffer: Confident!
--Joe Somebody

More evidence of lopsided sentiment. Investor's Intelligence % bulls and % bears:

CBOE put:call ratios:

Sentimental extremes are contrarian in nature. The more lopsided the market sentiment, the greater the likelihood of major trend reversal.

position in SPX

1 comment:

dgeorge12358 said...

To know, is to know that you know nothing. That is the meaning of true knowledge.