For all the talk of money on the sidelines and other such gibberish, sentimentrader has put together a great chart based on Rydex fund data, indicating that traders had placed 2.4 times as much leveraged money in bull funds as bear funds: the highest level since November 2001. The data is comparable for the unleveraged ratio. If anyone still thinks that there are many bulls on the sidelines who have not entered the market, you can a) note the facts below or b) listen to Bob Pisani distort them.
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Thursday, June 11, 2009
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