The most Bullish signal in the world
From The Irrelevant Investor- This will be the 777th intra-day all-time high since 1982*
- All-time highs have happened on just over 8% of all days
- The average 1-year return is 10.2%. The average 1-year return following an all-time high is 11.5%. This does not include dividends
So everyone is bullish right? Hardly. According to Barron’s latest Big Money Poll, only 27% of money managers are bullish on the stock market over the next 12 months, which is the lowest reading in 20 years......
I understand this sentiment, but it’s almost impossible to be a good investor if the most bullish signal in the world is interpreted as anything other than what it really is.
https://theirrelevantinvestor.com/2019/10/28/the-most-bullish-signal-in-the-world/
MY Note: If this the most bullish signal I would be very concerned if the market turns down after the FED Wednesday. That would mean that this was a manufacturing top. I am not betting on this.
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