"Bullishness" Surges To 2014 Highs

Tyler Durden's picture


Despite the constant hum of talking heads explaining how investors are "hating this rally" just ready to pile their last penny into stocks any minute (as soon as rates rise and destroy bondholders), AAII sees bullishness at 2014 highs... it appears retail is very much all-in and praying for Yellen's blessing tomorrow...



Bearishness is at 7-week lows and Neutrals lowest since Jan 2nd.


Chart: Bloomberg

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Thu, 08/21/2014 - 18:58 | 5127458 Al Huxley
Al Huxley's picture

Retail, ha ha!  We were just shown that the market is fully in control of the machines, what is this 'retail' you refer to?  Perhaps it reflects the sentiment of 'fantasy portfolio' players - 'I don't have any money to put into the market, but damn, if I did I'd be buying hand over fist right now - my paper account is up 1000% since last April!'.

Thu, 08/21/2014 - 19:21 | 5127568 Pareto
Pareto's picture

true that Al.  Most people i know do not have a clue - not even a marginal understanding of what (if any) of their mutual fund holdings are or the positions each fund holds.  they absolutely have no idea.  retail - if you can call it that - has always been there and arguably never really left.  they are all in - for whatever "all in" is worth.

Thu, 08/21/2014 - 19:49 | 5127733 max2205
max2205's picture

Retail can now be defined as anybody other than the TBTF, NY Fed, and a select Hedge Funds..

We all all retail now

Welcome to the Matrix! Bitcheeeeezes

Thu, 08/21/2014 - 18:57 | 5127463 TeamDepends
TeamDepends's picture

The jobless, productionless recovery is finally here!

Thu, 08/21/2014 - 19:20 | 5127567 Kprime
Kprime's picture

jobless, productionless, retail free, full recovery is finally here

Thu, 08/21/2014 - 19:45 | 5127709 yogibear
yogibear's picture

A Williams, Yellen, Evans, Dudley and Rosengren production.

Thu, 08/21/2014 - 19:05 | 5127502 Glass Seagull
Glass Seagull's picture



Sentiment inverse H&S? 

Thu, 08/21/2014 - 19:08 | 5127515 IridiumRebel
IridiumRebel's picture

yeah yeah yeah....buy STAWKS. Everything will be just great. Don't you fret.

Thu, 08/21/2014 - 19:08 | 5127520 jarana
jarana's picture

AAAAIII Macarena.

Thu, 08/21/2014 - 19:09 | 5127522 Ewtman
Ewtman's picture

Sentiment is a great contrarian indicator. Record bulls in almost every sentiment indicator these days which can only mean the market is very near the top...



Thu, 08/21/2014 - 19:16 | 5127549 Bossman1967
Bossman1967's picture

You know to think 2weeks ago it was a crash unbelievable. I dont get it? How can anyone invest anything when we are hearing war here war there prices are up and my ass is itching. Anxity is high something getting ready to hit the fan.

Thu, 08/21/2014 - 19:17 | 5127554 Tenshin Headache
Tenshin Headache's picture

The future's so bright we gotta wear shades.

Thu, 08/21/2014 - 19:27 | 5127584 Yellowhoard
Yellowhoard's picture

They should start a tradition at JHole like the Vatican and throw a wet log, or Christian, on their fire during cocktail hour to signify an easing in monetary policy.

Thu, 08/21/2014 - 21:41 | 5128134 dirtyfiles
dirtyfiles's picture

or even more start continue what Mayans did

throw of the cliff one banker a day just for the joy of nothing more to do...


Thu, 08/21/2014 - 19:28 | 5127610 disabledvet
disabledvet's picture




Thu, 08/21/2014 - 19:44 | 5127693 yogibear
yogibear's picture

Ride the tape.

Thu, 08/21/2014 - 19:53 | 5127753 GrinandBearit
GrinandBearit's picture

The end of the 1972 Bronson movie "The Mechanic"  (?)

Thu, 08/21/2014 - 19:45 | 5127689 yogibear
yogibear's picture

"Bullishness" Surges To 2014 Highs" New highs for weeks to come. It's what Wall Street and the Federal Reserve want. Just ride the 2,200 ft wave and make some money.

Thu, 08/21/2014 - 19:52 | 5127750 Yen Cross
Yen Cross's picture

     Forget CapEx, and GAAP... The new earnings formula is derived from mergers, layoffs, buybacks, and Non-GAAP .

Thu, 08/21/2014 - 21:54 | 5128186 Spungo
Spungo's picture

Who are they asking? It seems a lot of people are aware we are in a bubble, which would imply a more neutral stance. Full speed bull optimism would not have people talking about a potential crash.

Thu, 08/21/2014 - 23:06 | 5128403 lasvegaspersona
lasvegaspersona's picture

 GAAP..only the innocent and the very old still speak of such things. It vanished without a trace while no one was watching during the last riots.


The rules of the game will be changed when it is needed.

Thu, 08/21/2014 - 23:15 | 5128432 lasvegaspersona
lasvegaspersona's picture

I really think those with the big money understand hyperinflation quite well.

In 2010 at Davos it was rumored copies of Fergusson's 'When Money Dies' were selling for $1000. 

And in that book one of the stories was of 2 men from Lithuania, where HI had just happened, who came to the Weimar to play the game. It involved big loans, bribes to the bankers making the loans and proper deployment of funds to increase wealth and provive the little extra needed to repay the loans.

To think this is not happening (but in a more clever way, cuz those 2 got caught) is naive. I suspect this may even be the main reason for corporate borrowing. Sure buy backs are helping push up stock prices but why just do that if the money will never need to be re-paid? Remember hyperinflation just kills the currency, companies emerge intact. the economy will suck for a while but Exxon and ge will still be needed and still be huge companies. They will find customers somewhere on the planet.....and....they'll be debt free.

Fri, 08/22/2014 - 01:10 | 5128669 fibonacci's claus
fibonacci's claus's picture

queef me out some bitcoin from your moist jackson hole janet.  where's blankfein and all g-ds work???  he needs to pay for janets gyno.  I know where it is, right loyd???

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