Exuberance May Be Creeping In
| Feb 13, 2012 | 6:30 AM EST
…………..As I noted last week, it is my view that the Investors Intelligence readings show more complacency than exuberance. However, the Market Vane bullish percentage now stands at 66%. The last time this survey reached such levels was February 2011, and that reading was the highest one since before the 2008 downturn, so we know this is high……….
http://realmoney.thestreet.com/articles/02/13/2012/exuberance-may-be-creeping
She also notes that Baron’s Cover this week has”DOW 1500″ which is never ever a good sign.
Careful out there!