from KingWorldNews:
With uncertainty developing in global markets, investors and
professionals are wondering where markets are headed from here. Today
King World News interviewed 33 year veteran, John Gray, from Investors
Intelligence to get the answer. When asked what he is seeing and where
he believes markets are headed, Gray responded, “The latest polling of
advisory sentiment, and that’s about 130 independently produced stock
market newsletters, showed the bulls jumping this week up to 54.2%. The
bearish reading declined to 24.5%.”
“The current reading of bulls at 54.2% is the highest reading we’ve had since the start of this year, and that would be mid-February when the Dow was approaching 13,000 for the first time. Readings of bulls over 55% starts to get scary to us, and occasionally, in strong market moves, major bull tops, you will have the bulls up as high as 60%.
That gets to be very dangerous (see chart below).
John Gray continues @ KingWorldNews.com
With uncertainty developing in global markets, investors and
professionals are wondering where markets are headed from here. Today
King World News interviewed 33 year veteran, John Gray, from Investors
Intelligence to get the answer. When asked what he is seeing and where
he believes markets are headed, Gray responded, “The latest polling of
advisory sentiment, and that’s about 130 independently produced stock
market newsletters, showed the bulls jumping this week up to 54.2%. The
bearish reading declined to 24.5%.”“The current reading of bulls at 54.2% is the highest reading we’ve had since the start of this year, and that would be mid-February when the Dow was approaching 13,000 for the first time. Readings of bulls over 55% starts to get scary to us, and occasionally, in strong market moves, major bull tops, you will have the bulls up as high as 60%.
That gets to be very dangerous (see chart below).
John Gray continues @ KingWorldNews.com
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