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

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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  • Bertram Klauke

    Hi

    Would it be possible to get sentiment chart 10 -15 years back?

    Thanks

  • George Rowe

    I would like to second Bertram’s comment. I think this would be a good idea and help make comparisons with a longer time period. Afterall, how extreme is the current reading?

  • John C

    I haven’t seen any I.I. sentiment charts in recent years that go back fifteen years but here is a link that goes back four years.

    http://www.bespokeinvest.com/thinkbig/2011/1/12/bullish-sentiment-back-near-recent-highs.html

    FWIW I’ve followed Investors Intel since the late 70’s and except for a couple times it hit 61 or so (don’t recall the exact high number) this is about as extreme as it gets.

  • http://www.pragcap.com Cullen Roche

    I definitely don’t have the data going back that far. Sorry folks.