Market Sentiment Hideously Over Bullish

Folks, with the SOX hovering just below target, the Biotech sector arcing upward, the Russell 2000 having broken to the upside, the VIX back near its lows, Nasdaq 5000 headlines… just take a look at this graphic from Sentimentrader

indicators

I am not telling anyone what to do.  Indeed, I have been noting and playing what is obviously a late stage thing going on in the Biotechs as these highly speculative, hopes ‘n dreams stocks in clinical trials get bid up big time.

You know who that is, right?  It is the public, now brazen and lookin’ to make coin in the stock market.  We are at a late stage in this bull.  If you play around with it, understand that.

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