There is reason to be concerned even with global stock markets on a tear recently. There is a stunning chart and table featured below which all KWN readers around the world need to see.If you look at the chart and table below it reveals there are some serious warning signals even as many major indexes have been hitting new highs.
Here is the latest Investors Intelligence report along with the all-important sentiment chart and table: “The indexes rebounded late last week and the modest Friday advance turned them positive over the five sessions. After early Monday gains, all three main averages had penetrated even number levels. Broad stock action is not confirming those highs and the negative indicator divergences held. There was more bullishness amongst the advisors, with shifts in that direction outnumbering other changes reflecting new skepticism. The new high in optimism signals a near fully invested outlook that often occurs with market tops. It doesn’t mean an immediate sell-off but the strong likelihood of lower market levels in two-to-three months’ time. Quotes are from the shifting outlooks including one lengthy capitulation.
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