CNBC Wed, 17 Jan 2018
Stock market optimism among professional investors just keeps on
surging, and is now at the highest levels since before the crash of
1987.
Bullishness, or the belief that the
market is heading higher, is now at 66.7 percent in the latest Investors
Intelligence survey, a widely followed gauge of sentiment among
investment newsletter authors.
That's the highest level
since early April 1986 — a potential warning sign that the rush into
equities is getting overdone. After all, a year after the bulls had
reached this level came the infamous Black Monday crash that sent the Dow Jones industrials down nearly 22 percent in a single day.
No comments:
Post a Comment