Portfolio Managers Bullish, Consumer Confidence extreme low. What gives?

Barron’s just did a survey. It revealed that the bullish sentiment on stocks is quite high and almost everyone hates US treasuries

"Whenever sentiment gets too strong in one way or the other, it is usually setting up the markets for a rally in the despised asset. "Mr. Market" (Ben Graham's Book) likes to do whatever he can to cause the most pain to the largest number of people."

"I am not predicting a near-term crash or imminent precipitous bear, although in this environment anything can happen. I am merely noting that there is an imbalance in the system. The longer this imbalance goes on, the more likely it is that it will end in tears. And the irony is that a recovering world economy could be the catalyst."



Saverio Manzo
www.wealthconcepts.ca