Naw, who would have thunk'..........? It's been overbought since 6K as far as I'm concerned.
Are things just too good to be true for the high-flying U.S. stock market?
Maybe. There are warning signs that there might be a bit too much froth in the frosting, CNBC reported, but investors are simply ignoring the signals.
"One of the biggest red flags out there is that there doesn't seem to be any red flags out there," Paul Hickey, co-founder of Bespoke, told CNBC.
For starters, there are suspicions that investors are becoming too complacent.
The latest American Association of Individual Investors survey showed the lowest amount of pessimism about the market in the past 21 months, while optimism is the highest it's been in 10 months.
There are also questions about valuations. The Standard & Poor's 500 now trades at more than 16.5 times earnings, higher than the market average of 15.8.
Maybe. There are warning signs that there might be a bit too much froth in the frosting, CNBC reported, but investors are simply ignoring the signals.
"One of the biggest red flags out there is that there doesn't seem to be any red flags out there," Paul Hickey, co-founder of Bespoke, told CNBC.
For starters, there are suspicions that investors are becoming too complacent.
The latest American Association of Individual Investors survey showed the lowest amount of pessimism about the market in the past 21 months, while optimism is the highest it's been in 10 months.
There are also questions about valuations. The Standard & Poor's 500 now trades at more than 16.5 times earnings, higher than the market average of 15.8.
More @ Newsmax
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