Record High Bullish Sentiment — Buy-and-Hold is Dead, Buy High and Sell Higher as the New Paradigm

SentimenTrader has posted this nice chart confirming what you've been reading on this blog for the past couple of weeks: that sentiment is reaching an extreme that is almost historical, while broader market indices are still below their levels of April 2011, and 2007.

Quote from SentimenTrader:
The chart below shows the Bull Ratio for all the index funds.  This is the total assets in the long funds for the S&P 500, Nasdaq 100, DJIA and Russell 2000 divided by the assets in the inverse funds for those same indexes.
As of Monday, there was $4 invested in the long funds for every $1 invested in the inverse funds.  The only other time since 2004 that matched this level was May 2, 2011. 
As of Wednesday, total assets invested in the inverse funds at the Rydex family fell to $291 million.  That ties it for the lowest all-time, along with January 30, 2001 and May 2, 2011.  Both dates were good times to own those funds. 
The stock Mania Era is still well entrenched, with the IPO of Facebook making so much noise for a company that — even though provides a great social web site — doesn't seem to be making any profits, and which aims for a valuation of $100 billion.

See some other signs of the mania from the following web ads and books:

An add suggesting that with 1 to 5 hours of spare time, one could aims for $5000+ profits.

It's so simple even some line like me without 
any trading experience can make 
tons of profits during my lunch break.

Buy High, Sell Higher — if this isn't a sign of complete mania... 

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