The Market Finally Realized We are in a Bull---10/20/2017

In February 2009, I wrote a report called "The Beginning of the Bull..."  As good fortune would have it, that report, almost precisely, called the bottom of the 2008 Bear Collapse.  Ever since then, I've been tracking this Bull Market and, up until now, almost no one realized we were in a Bull Market...despite the S&P 500 going from 666 to over 2,400.

Nevertheless, I am seeing all sorts of Bullish comments and behaviors from investors and people.  Frankly, this should set the stage for the last legs of the Bull run.  And, to be honest, this leg has historically seen some crazy behavior.  

Strap in!  Because if history is any predictor of the future, we could be in for a wonderfully insane rocket ride.

Here are some things I am seeing that make me say that people are behaving optimistically...

 

Consumer Sentiment reading over 100...https://www.cnbc.com/video/2017/10/13/the-week-that-was-consumer-sentiment-highest-in-13-years.html?play=1

Bullish Hedge Fund manager comments...https://www.cnbc.com/2017/10/20/market-beating-hedge-fund-manager-dan-loeb-is-very-bullish-on-us-stocks.html

Bears Turning Bullish...https://www.cnbc.com/2017/10/20/bullish-again-strategist-tom-lee-says-businesses-like-trump.html

 

We need to watch Institutional Investor allocation data.  When we see them moving from under-weight stocks to over-weight stocks, we know the move will be powerful.