Saturday, December 23, 2017

Optimism and Market Peaks

It's time for the good times
Forget about the bad times, oh yeah

Article suggests that the surge in optimism associated with signing of tax cut legislation could mark a stock market peak. It is certainly plausible. Measures of optimism haven't been this high since the era:

Cash levels in brokerage accounts are near all time lows:

Bears are too scared to be short. Indeed, the prospect of being short almost seems absurd.

All of this is bearish on the margin.

no positions

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