Do the bulls have a sentiment problem?

Mid-week market update: (I am publishing my mid-week market update a day early owing to the US Thanksgiving holiday shortened week)

Should the bulls be worried? The Greed and Fear Index has surged to 88, which represents a warning of excessive bullishness.

As well, Willie Delwiche pointed out that his survey of sentiment indicators are all tilted either contrarian bearish or neutral. Delwiche concluded that "everyone knows about (& is positioned for) historical tendency for stocks to rally from here into year-end".

The full post can be found here.

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