Can we be any more bullish?
Not really, according to this Investor's Intelligence chart, which indicates that MORE than 4 out of 5 people are bullish on the market – just about 9 out of 10. That means there are less people who are bearish on the market than there are dentists who recommend gum with sugar in it over Trident!
The last time sentiment was this exremen it was 90% bearish, back in the crash of 2009. Boy were those guys idiots, right? Not like us – WE'RE SMART! We would never mindlessly follow the crowd even though valuations were out of control and not at all supported by the Macro Economic Conditions that were readily observable – that would be crazy.
No, we'd never fall for that sort of nonsense because we are savvy investors, right?
Actually, as I pointed out to our Members in our Live Chat Room, this is very much like when you go to a Beanie Baby convention (don't ask how I ended up at one, long story) and suddenly you're in a room full of idiots paying $20, $50, $100 for a little bean-bag animal because they are "rare" and you start off thinking they are all crazy but, after a couple of hours, you see a cute one and it's only $5, so it seems like a bargain and, before you know it, you have a bag full of Beanie Babies.
As I've pointed out in previous posts, you (and your money) simply have nowhere else to go but Equities – the Central Banksters have seen to that by cutting off all other avenues of investment. So we're all here at our Equity convention and you see people buying TSLA for $220 and AMZN for $390 and NFLX for $470 and suddenly XOM at $86 seems like a good deal – even though the stuff they sell (oil) has dropped 50% in price since last year while XOM's stock is down less than 15%.
This is the part where C3PO begins screaming about XOM's break-even price on crude and…
