I’d like to draw your attention to a chart posted by www.theshortsideoflong.blogspot.ca. This blog is run by a young investor named Tiho who, while operating with what may be an overly bearish bias to his investment opinions, still seems to put forth some keen observations. I’ll quote Tiho’s observations regarding his chart this week:
“In their latest monthly survey, retail investors increased their equity and bond exposure, while decreasing their cash levels. Variety of investors have used the “plenty of cash on the sidelines” phrase over the last few quarters, however the survey shows that cash levels remain extremely low. At present, there have been no major catalysts to trigger a sell off and force retail investors to rise cash levels (like in 08).”
In last Friday’s MarketCall tonight appearance, I presented a few sentiment charts from www.sentimentrader.com
I’m travelling this week and likely wont be able to post my usual Thursday sector blog. But I’ll be back next week on schedule for the Monday macro call.