One might think that Sentiment measures at extremes might be at highs, due to the market being close to all-time highs. Investors should get concerned when Euphoria is present in the markets….are sentiment readings at Euphoric levels? See below.
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I shared almost a month ago (see sentiment post here) that sentiment indicators weren’t hitting “EUPHORIC” extremes when the Dow was hitting all-time highs and now the three weeks later, sentiment indicators at extremes are even lower now!