Sentiment

From BeSpoke Investment Group:  Bullish sentiment above 50% for 11th straight week.

The Investors Intelligence weekly survey of advisor sentiment showed that bullish sentiment declined modestly for the second straight week. Since its high of 58.8% in late December, bullish sentiment is currently at 55.5% and has now been above 50% for eleven straight weeks. The last time bullish sentiment was above 50% for eleven or more weeks was back in the Spring of 2007.

My thoughts:  This is just another example of how overbought the market is right now.  Keep in mind though that markets can stay overbought and oversold much longer than most investors expect.

Link:  Bullish Sentiment