182 days ago • Posted by Charles-Henry Monchau

BofA Sentiment indicator is pointing towards extreme optimism

From a  contrarian perspective, too much optimism is a bad signal and should be interpreted as a sign of cautiousness (and even as a selling signal). The "BofA Bull/Bear Indicator" has been very slow to move this year after the sell-off. Latest reading shows we are getting very close to extreme optimism - so BULLS beware! Source: BofA 

BofA Sentiment indicator