Investor Sentiment Getting Greedy? Seems Unwarranted
(Click on image to enlarge)
Several indicators of investor sentiment are showing rising “greed” levels. And when investors get greedy, it tends to imply that we are nearing a top.
BUT, I am unsure why greed levels are so high when so many assets have little to brag about over the past few years!
Today’s “weekly” chart mash-up shows the performance of 6 different instruments across various asset classes since December 2021… and gold has been the best performer at +13%.
The others have literally gone nowhere. Basically flat.
So perhaps all this excitement is a bit overdone. And maybe investors need to be more selective in choosing assets with good risk/reward setups.
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