Sentiment Speaks: Nothing Can Topple This Market

Sep 24, 2024
sentiment-speaks:-nothing-can-topple-this-market

Summary

  • Investor sentiment is extremely bullish with many believing the market is unstoppable, even by divine intervention or significant economic downturns.
  • Despite the current bullish trend, I anticipate the S&P 500 may exceed 6000SPX before a multi-decade bull market ends.
  • The market’s overconfidence mirrors pre-Great Depression attitudes, ignoring multiple risk factors that could trigger a severe financial crisis.
  • I expect the bull market to peak by 2024, potentially leading to a long-term bear market, pending strong evidence in 2025.
  • Looking for a helping hand in the market? Members of The Market Pinball Wizard get exclusive ideas and guidance to navigate any climate. Learn More »

Running of the Bulls

RamonCarretero

Every now and then, I peruse articles written on Seeking Alpha to glean a flavor of what the average investor feels about the current market environment. And, to that end, I will scan the comments section for some nuggets of anecdotal sentiment.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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