Sentiment: Nearly As Lopsided As Possible
By Bill Fleckenstein President Of Fleckenstein CapitalJanuary 23 (King World News) – Once again the market was out of the starting gate quite fast, led by the Nasdaq, which gained over 0.5% in 90 minutes and was itself led by the big tech momentum favorites, while the Dow and the S&P were just kind of limping along higher.
By Bill Fleckenstein President Of Fleckenstein CapitalJanuary 23 (King World News) – Once again the market was out of the starting gate quite fast, led by the Nasdaq, which gained over 0.5% in 90 minutes and was itself led by the big tech momentum favorites, while the Dow and the S&P were just kind of limping along higher.
After the initial surge, the rate of change slowed down as the indices only made a bit more upside progress. For what it is worth, sentiment for the SPOOs (based on the DSI) is at 96, a world record. Sentiment is wildly lopsided, but that will only matter once the bubble bursts…"
at https://kingworldnews.com/gold-silver-and-real-world-inflation-ramping-higher/
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