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.