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Bank of America s Bull & Bear indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17.
This prompted Bank of America s chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing increasingly irrational price action on Wall St.
Hartnett laid out six warning signs to watch that could signal a bear market is beginning.
Investor sentiment has climbed from rock bottom in March to what is now approaching extremes on the other end of the spectrum and it s starting to worry Bank of America s top strategist.
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Market strategist Sven Henrich, who warned of the crash before it occurred in February 2020, says we are staring at the largest valuations and technical disconnects ever.
He said the difference between current price levels and exponential moving averages shows stocks are again due for a pullback.
On February 20 last year, right at the market s top, Sven Henrich reiterated a warning. From my perch this market is the most dangerous we ve seen since 2000, Henrich, the founder of NorthmanTrader, wrote in a post on his site.
Over the course of the following month, the market would go on to shed 35% of its value as the global pandemic worsened.
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A majority of investors believe the stock market is in a bubble - and many fear a recession, according to an E Trade survey
A majority of investors believe the stock market is in a bubble - and many fear a recession, according to an E Trade survey
Emily GraffeoJan 9, 2021, 20:55 IST
Traders and company executives gather for the Uber Technologies Inc. IPO on the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019.Brendan McDermid/Reuters
A new E Trade Financial survey of 904 active investors revealed that 66% of them believe the stock market is either fully or somewhat in a bubble. An additional 26% said the stock market is approaching a
Canadians optimism about their investments climbing since the beginning of COVID-19 - particularly if they met with their advisor newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.