Opinion: Nasdaq-focused investors are more bullish today than on 94% of all other days since 2000

Opinion: Nasdaq-focused investors are more bullish today than on 94% of all other days since 2000

The average Nasdaq-focused stock market timer has become more bullish than on precisely 93.6% of all other days since 2000.

That much exuberance is not a good sign from a contrarian point of view. In late April, when these same investors became equally exuberant, the Nasdaq Composite Index COMP proceeded to fall 7.8% in two weeks’ time.

Ironically,…

Source link

READ ALSO :  Stock-market pros are having a tough time imagining an S&P 500 slump in 2021