FYI: I remember reading an article at the start of 2013 that concluded, “This market reeks of euphoria.” The S&P 500 is up around 90% since then. The problem with the firehose of information these days is that it’s easier than ever to latch onto a narrative that fits your current world view. In the financial markets, this makes it harder than ever to gauge investor sentiment. Here’s a piece on wrote for Bloomberg that describes why this environment has been so difficult to handicap.
Regards,
Ted
http://awealthofcommonsense.com/2017/08/why-its-becoming-impossible-to-gauge-investor-sentiment/
