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"Extreme Greed": A "Prescient Signal Of A Durable Economy" Or A Giant Bull Trap

From zerohedge.com

Over the weekend, Goldman's head of hedge fund sales Tony Pasquariello, wrote that while the Nasdaq was off to its best start in history.. {chart} ... the easy money may have been made since "many folks - not all, but many - are now as long as they’ve been all year", and with many shorts already stopped in, the price indiscriminate buying is largely behind us (more here). Indeed, both objective and subjective measures of sentiment are starting to look very overbought and lofty: as we noted last week, the Goldman sentiment indicator into stretched territory (1.2), its highest level in years... {chart} ... the ... (full story)

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  • Category: Fundamental Analysis