This soaring indicator is a HUGE warning sign for stocks
From Pragmatic Capitalism:
Just when you thought investors couldn’t possibly get more bullish, they surprise to the upside. This morning’s Investor’s Intelligence survey showed a fresh high bullish reading of 58.8%. This is the highest reading since the second week of October 2007 – just one week shy of the all-time market high of 1565 on the S&P 500.
Obviously investors are looking at our present world through rose-colored glasses; if the USD ceases to be the reserve currency of the world, as it has been for many years, then investors aren’t going to be singing the praises of the stock market .