This morning CNBC has a story about Cramer suggesting there are too many bulls, and that now’s not a great time to open new long positions in the stock market. Yesterday I posted a story shortly after the most recent adviser sentiment data was released (here’s the blog post) . It showed 2.66 bulls for every bear. Not extremely high. But very high and indicative of a short term overbought stock market.
Apparently Cramer agrees with me. Well, at least in terms of short term market risk. It would probably be bad for business to have the same dire view of the stock market that I have. I could be wrong. I’m not in show business. (side note: I wonder what Jeff Macke thinks….)
