After determining what I think the neutral policy should be for someone that I advise, I allow myself to tweak it by no more than 10 % to reflect my overall
levels of bullishness or bearishness.
It is superstitious and wishful thinking to assume that the market will perform strongly simply because of two Discount Rate cuts, despite elevated valuations, high
levels of bullishness, absence of a recession, and an S&P 500 index that is only about 2 % from its all - time high.
The red line in the middle shows the current
level of bullishness — in the longer term context it is neither here nor there — click to enlarge.
Not exact matches
Presently, the
level of advisory
bullishness is not much below where we would expect it to be, given the market decline that we've observed.