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Chart Of The Day: ‘100% Confident’
Ok, well it's official: investors simply cannot get any more bullish.
According to the latest readings on Yale's one-year investor confidence indices (so, percentage of respondents who think stocks will be higher a year from now), both the "smart" money and the "dumb" money are now 100% confident that nothing can go wrong (basically - the individual survey is at 98.92):
Specifically, the indices measure this: "the percent of the population expecting an increase in the Dow in the coming year.
Seems to me, risks have never been higher. This bubble is much bigger than the the one that ended in 2008.
Almost all financial assets are way overpriced.
Then again, I would have said the same thing 2 years ago.
Well I finally made into the 1.08%.
LOL good one. You and me both.
Yay! over bullishness LOL this isnt going to end well…