How realistic are these … great expectations?

"Great Expectations" may be a fitting description of the mindset of many stock market investors as they raise their glass to what is being called the up coming Roaring Twenties. And novice speculators are on board. This chart from SentimenTrader shows among the smallest of traders, 54% of volume flowed into buying call options over … Continue reading How realistic are these … great expectations?

Leverage reflects the start of a bear not a bull

Analysts and economists are in unanimous agreement that March 2020 was the start of a new, long-term bull market. Optimistic sentiment is not consistent with the start of enduring bull markets. Bulls emerge from times of deep-seated pessimism, when few investors believe that stocks have the ability to rally for any sustained period. The current … Continue reading Leverage reflects the start of a bear not a bull