Well, according to the AAII Bull-Bear Sentiment Survey, anyway. In the entire 23-year history of this survey, there have never been more bulls or less bears and, as you can see from the ratio, it won't be long now before they track me down and shoot me – well, that's what it feels like to be bearish in this market.
I guess the people at Macy's are crazy too, they are closing 5 stores and laying off 2,500 people in the middle of the greatest bull market (sentiment-wise) in history. It won't hurt their stock, of course, which is up 30% from last year (along with the rest of the market) and, in fact, BMO Capital just gave them an upgrade because firing people is what American Corporations are all about these days.
Meanwhile, our last set of bullish plays is doing just fine. Aside from our 3 Trade Ideas for 2014, which were all bullish, we had our last 5 Bullish Trade Ideas on December 17th which followed up on November 25th's 5 MORE Trades That Can Make 500% in a Rising Market.
Needless to say (obvious from the chart), all of those trades are doing fabulously, even our ABXs have finally come on strong. The ten trade ideas from those two posts (and you can get trade ideas like this delivered to you daily with a PSW Subscription) were:
- 10 QQQ March $83/88 bull call spread at $2.18 ($2,180), selling 1 AAPL 2015 $450 puts for
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