Stock-market sentiment hitting 'ludicrous' territory, but when will bulls 'pay the piper'?
The stock marketâs run to all-time highs has the look of a classic grind higher, but bullish sentiment levels â a contrarian indicator â are getting extreme, technical analysts warned. In a Thursday note with the title, âStock Market: Sentiment Ludicrous, Risk Rising, Butâ¦â, Mark Arbeter of Arbeter Investments ran down a list of extreme sentiment readings, including: The 5-day Cboe equity-only put/call ratio has fallen to another record low of 0.37, eclipsing the previous record low from June (data goes back to late 2003). Puts are options that give the hol...
Source: marketwatch.com