Investors are way too optimistic.
-Huge net short is not bullish
-Put/Call ratio is back to levels in January
-Overbought conditions are all at extremes.https://t.co/oH78eV5mdN pic.twitter.com/EimJHOPo83
— Lance Roberts (@LanceRoberts) June 6, 2020
4. The put call ratio can stay irrational longer than you can stay rational?
Sell-off/correction risk is elevated at these levels.
— Callum Thomas (@Callum_Thomas) June 6, 2020
— Bespoke (@bespokeinvest) June 7, 2020
Record Stampede Into Stocks: Nasdaq Volume Hits All Time High As Put-To-Call Ratio Craters https://t.co/Ayc8fkhfeg
— FreeZerohedge (@freezerohedge) June 5, 2020
This is stunning.
At the peak of speculative fervor in February, small traders bought to open 7.5 million call contracts.
This week, they bought 12.1 million.
Watch what people do, not what they say. They're full-bore bullish, on steroids. pic.twitter.com/T1v74xq1Of
— SentimenTrader (@sentimentrader) June 6, 2020