Thursday, February 15, 2018

In Psychopaths We Trust

"Investors seem to have gotten over their jitters—fast.

Bullish sentiment has rebounded sharply in the latest week, returning back above its long-term historical average for the ninth time of the past 10 weeks and nearing “unusually high” levels."

the dividing line “between typical and unusually high readings is 48.6%.”

It's ironic that the % of bullish sentiment would be so high, since the percent of bullish S&P stocks is exactly at August 2015 crash levels, as of today.

Perfect timing.

"Very nice Elliott Wave structure going on here. 5 down and 3 up so far"