Investor Expectations Have Become Delusional

One of the best pieces of evidence that we are close to a bull market peak are sentiment surveys which measure how high investors’ expectations have become. In today’s commentary, Dan reviews a recent sentiment survey and discusses why investor expectations of where future market valuations go from here have become delusional.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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