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It's A Bull Market In Confusion

Tyler Durden's picture




 

Investors are the most 'neutral' and confused in 26 years with bullish sentiment and bearish sentiment hovering at multi-decade lows...

 

AAII Investor Setiment NEUTRAL readings came in at a 12yr high (and 2nd highest reading since '94) while BOTH bullish and bearish readings hover near the range lows...

A bull market in macro confusion confirmed on the smoothed data...

 

 

h/t NewEdge's Brad Wishak

 

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Thu, 05/21/2015 - 16:30 | 6118920 taketheredpill
taketheredpill's picture

The Sentiment indicators make a useful guage via (Bull + Neutral)/(Bear + Neutral) except when Neutral is this high all it tells you is that most folks haven't got a fucking clue, which makes sense in current environment.

Thu, 05/21/2015 - 16:55 | 6119013 max2205
max2205's picture

I though TD said Bullshit sentiment. ...my bad.

Thu, 05/21/2015 - 16:36 | 6118941 Atomizer
Atomizer's picture

No secret, Obama's illegal TPP is supposed to create a bigger unpayable taxpayer trust fund. 

Thu, 05/21/2015 - 16:38 | 6118945 Stormtrooper
Stormtrooper's picture

It's a bi-market to fit the new liberal bi-culture.  Every investor can swing either way depending on what pleasures are offered by the current sex partner (uh, I mean market conditions) and what drug is on offer to give a high or low.

Thu, 05/21/2015 - 16:42 | 6118966 pragmatic hobo
pragmatic hobo's picture

fuck it ... vix below 12.5 is always a sell signal.

Thu, 05/21/2015 - 16:49 | 6118993 Atomizer
Atomizer's picture

If you're Sumner Redballs, you can have a neutral or bullish girlfriend rubbing you off. 

http://www.hollywoodreporter.com/news/sumner-redstones-two-girlfriends-t...

Thu, 05/21/2015 - 17:34 | 6119134 q99x2
q99x2's picture

What the hell you worrying about all the bull for. You just BTFD and forget about it.

Thu, 05/21/2015 - 18:10 | 6119244 tc06rtw
tc06rtw's picture

… yeah,  you’re spoilin’ it for all us

     PATRIOTIC   ‘mericans !

Thu, 05/21/2015 - 17:53 | 6119194 rsnoble
rsnoble's picture

Perfect for manipulation.

It's like pushing a fat person that's floating in water.

Thu, 05/21/2015 - 18:33 | 6119267 The Once-ler
The Once-ler's picture

You can’t say  Fat Person  no more —

… you’re supposed to say:
                    “Person with an Eating Disorder”.

Thu, 05/21/2015 - 19:39 | 6119469 fremannx
fremannx's picture

Dow Theory is saying that the great bull run is over. Utilities and Transports have diverged for an incredible six months. Yesterday, the Dow made a new all-time high while the Transports made a new six month low --  the definition of Dow Theory Non-confirmation.

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

 

The Dow Jones Utilities are ready to collapse...

http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...

Fri, 05/22/2015 - 00:26 | 6120140 spqrusa
spqrusa's picture

The people have not realized that the %.01 and %.0001 are in total control - vblank, hblank. The people will panik when the %.0000001 says boo.

BO is the WW of the twenty first century - welcome to banksterism.

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