This is reflected by hard data such as the money market funds and bear versus bull fund ratios at Rydex. These types of indicators, along with margin data, are at levels so extremely bullish that the only period more bullish is the prior three months. My view: the Fed broke sentiment. Investors really believe a bear market is impossible.
How My Heart Bleeds
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FEEDSo is the expectation that all these lines should be identical? What
else might create a chart that resembles this one? Ribeye steaks? Tesla
Model Xs? ...
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