Bullish Sentiment Continues to Skyrocket
Are there any bears left? Anyone??? -"Sound of crickets in the distance"
The chart above is fairly self explanatory. Bullish sentiment is going parabolic and approaching record highs. At the time when valuations are downright crazy and VIX has collapsed.
Now, many bulls would argue that the above metric is meaningless and that today's bullish sentiment is backed by the fundamentals. Aka....."this time is different". And perhaps they are right.
One thing is certain, we will soon find out.