9/19/2017
According to numbers just out from the Bloomberg and the University of Michigan, 65% of US investors believe the markets will go higher over the next twelve months. This is an all-time high in the past 15 years, surpassing the optimism just before the Great Recession Crash.
As the article says, contrarians believe this is a warning signal, and we at AP tend to agree. Our AP-SI signal is less than 100 points away from showing a high-side warning.