It is expiration Friday and we are usually pretty busy, so here’s a quick chart that should give the bulls pause.
With news highs being made just about everyday, one thing to be aware of is investors are getting excited. Is this reason to sell everything? No. But don’t get trapped and go all in here either. Heck, Mila Kunis just said she is investing in stocks for the first time in years. This after being in cash during a huge bull market.
Here’s a chart of the % of bears from the Investors Intelligence survey. What you need to know is moves beneath 20% have been very worrisome going back the past few years. This after stubbornly not breaking this area the past month. Could this be the final capitulation?