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EEH - Long-Term Stock Market Sentiment Remains As Lopsided As Ever
Aktiebolaget Svensk Exportkredit Elements Linked to the SPECTRUM Large Cap U.S. Sector Momentum Index developed by BNP Paribas due Augu
By Pater Tenebrarum
Investors are Oblivious to the Market’s Downside Potential
This is a brief update on a number of sentiment/positioning indicators we have frequently discussed in these pages in the past. In this missive, our focus is exclusively on indicators that are of medium- to long-term relevance to prospective stock market returns. Such indicators are not really useful for the purpose of market timing - instead, they are telling us something about the likely duration and severity of the bust that will follow on the heels of the current market mania. The first chart