Gavekal Capital: Investor Sentiment Is Getting Punchy!

Monday, November 4, 2013

Investor Sentiment Is Getting Punchy!

Certain measures of investor sentiment are starting to heat up these days, which when combined are useful as a contrarian indicator. Below are a few examples of sentiment extremes:

  • Rydex money market assets as a % of total assets at an all time low
  • Rydex total bull/bear assets near a cyclical high
  • Investor's Intelligence % bearish at an all time low
These and other measures of sentiment pain a picture of complacency after 4.5 years of a strongly advancing market. 


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