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.