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Cash Levels Highest Since 9/11 As Investors Abandon Stocks, Short Tech
"Extremely bearish."
That's how BofA's Michael Hartnett described the May vintage of the bank's Glo
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Isn’t this supposed to be a good contrarian indicator? Similarly bearish positioning coming out of the Covid crash fuelled an unprecented rally that ultimately snowballed because the fundies has to chase performance.
I think that is why the analyst is projecting a bear market rally.
yeah, nearly everyone is now
I love the irony that consensus is a “contrarian” bear market rally. In other words, everyone is bullish because everyone is so bearish.
Even being mentioned by the Muggles on CNBC the past few days, so…
The lows might not be in, but this is enough confirmation for me that it is time to nibble on tech, even if we get a nasty slowdown this is not the GFC, I remember that clearly still, this is just the junkie on withdrawal, there are opportunities available now.
Yeah, the opportunity to roll my June puts out to September.