wallstreetexaminer.com / by Jesse Felder •
“Bull markets are born on pessimism, grown on scepticism, mature on optimism and die on euphoria.” -John Templeton
Last week I focused on fundamentals, sharing 3 charts that show stock market valuations are totally unprecedented. This week I’ll focus on sentiment.
When looking at sentiment many people like to look at surveys. I prefer to look at what people are actually doing with their money. It’s a fact that we are now seeing record inflows into the equity markets but how do we put this into context?