Market sentiment among retail investors is dangerously high. We had a similar reading in January, when the markets peaked:
"According to the AAII weekly survey of retail investor sentiment this week we had 45.29% bulls and 25.29% bears. The last time we saw a similar posture was in mid January 2010 (see that week’s sentiment overview for details). Although, the AAII was even more lopsided, with more than 2.14 bulls for every bear, at the start of the year."
in Traders Narrative
Related Etf`s: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS)
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