Investor Intelligence most recent report indicated 53.4% of all advisors are bullish, 30.7% of advisors are bullish long-term,but believe a short-term correction is likeley.
American Association of Individual Investors (AAII) are keeping 18% of their money in cash. This is lowest since 4/2000.
The VIX is approaching levels not seen since about 3/2008.
What does this mean? Investors are getting more and more complacent. It is something to keep in the back of our mind as we approach our S&P500 and Dow targets. Like chess- it is a good idea to start planning the next moves in advance of market action. Stay tuned and keep a close eye on the levels and supports.
