Market sentiment is at dot-com-bubble euphoria levels due to vaccine optimism, invest

[NewsFeeder]

Market sentiment is at dot-com-bubble euphoria levels due to vaccine optimism, investor Peter Boockvar warns

Bleakley Advisory Group’s Peter Boockvar said he believes market bullishness is at dangerous levels.

More @ CNBC...

 

[Bullitt]

“Sentiment is literally off the charts bullish,” said Boockvar, a CNBC contributor. “It typically means you are very, very vulnerable” to a market pullback."

So hard to believe sentiment was so deep in the dumper in March. Everyone trying to get back in for 2020 is up.

Last week, U.S. options traders opened 94.8 million new equity and ETF contracts. The smallest of traders buying call options - pure speculation - accounted for 20.5 million of those. At 21.6% of total volume, that's a record high.

https://twitter.com/sentimentrader/status/1335235220551962627

 

[Bullitt]

Retractactable Technologies, RVP, is up big since March but also up big today. I'm guessing these syringes will be used to administer mass vaccines.

Volume really picked up steam in late March. Amazing how efficient markets are in their ability to price in risk.

 

[Bullitt]

JP Morgan sounding an alarm on complacency but says it's okay.

A JPMorgan Chase & Co. gauge of cross-asset complacency based on valuations, positioning and price momentum is nearing the highest level since the time the dot-com bubble burst and some companies found out burning cash faster than they made it wasn’t quite effective as a long-term survival strategy.

While all that raises concerns of untenable valuations across asset classes, investors continue to pour money into them amid confidence that unprecedented monetary and fiscal accommodation will keep the party going for some more time.

https://www.bloomberg.com/news/arti...r-says-markets-most-complacent-in-two-decades