QQQ - Sentiment Speaks: As Bears Begin To Hibernate It's Now Time To Worry About A Bear Market
2024-06-03 11:00:00 ET
Summary
- “When everyone thinks alike, there isn’t much thinking taking place."
- Even former bears are now turning bullish.
- I think we are approaching what could be a major market top.
For those who have followed my stock market analysis through the years, you would likely remember that, many years ago, I set a minimum long-term target for the SPX at 5350, with potential to rally as high as 6000SPX. In fact, many of you may also remember my expectation for a 30% correction, which I was publishing in late 2019 and early 2020, well before anyone even heard the word Covid....
Sentiment Speaks: As Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market