A diary of the thought process behind my investment decisions
I Don't Get It
Recent sentiment numbers can only be construed as bullish. We have been seeing continued put buying and individuals are as bearish as they have been since August. The reason this is bewildering is because the S&P 500 is only about 2% off its highs. I have pared back my longs as I am having a hard time finding much to buy from a valuation perspective and have many fundamental worries. But these numbers make me want to stay far away from the short side. Have a good night.