All I have been hearing from the likes of CNBC and other Media Outlets is there is so much money on the sidelines waiting to be invested, there are far too many bears in this market, all your basic run of the mill gibberish. But from looking at the chart below from SentimentTrader, you will notice:
That traders had placed 2.4 times as much leveraged money in bull funds as bear funds, the highest level since November 2001.
So the next time someone waxes poetic about money on the sidelines and people being to negative, you can tell them to look at the chart below and shut up.
Nice Chart. SentimentTrader has some great stuff on theri site.
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