BULLISH SENTIMENT BACK TO HIGHS

According to the latest sentiment reading from Investor’s Intelligence bullishness has once again jumped towards new highs.  The latest reading showed bullishness at 57.3%.  This is 2.8% higher than last week and just 1.5% off the recent higher of 58.8% set during the Christmas week in 2010.  All in all these sentiment readings have been giving a huge warning flag, but the market has continued to plow higher.  The obvious conclusion is that once everyone is bullish they have positioned their portfolio as such, however, the market has given investors not a single good reason to ignore the onslaught of positive economic data.

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Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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