After the inclusion of TSLA, the market-cap weighted 2-year forward P/E of the S&P will rise from 28.9x to 31.0x… And NOBODY is hedging for a correction.

After the inclusion of TSLA, the market-cap weighted 2-year forward P/E of the S&P will rise from 28.9x to 31.0x pic.twitter.com/gPuf4flum8

— zerohedge (@zerohedge) December 18, 2020

📌Investors Intelligence:
Bulls> 63.3%
Bears> 17.2%
Spread> 46.4 pic.twitter.com/DLkX5gHyus

— Antonio Pérez-Algás (@apanalis) December 18, 2020

https://twitter.com/NorthmanTrader/status/1339895849615290368

The one thing that concerns me about being long going into the "Santa Claus" rally is that EVERYONE is playing the same trade. As Bob Farrell once quipped: "When all experts agree, something else tends to happen."
NOBODY is hedging for a correction. pic.twitter.com/WikvKWi8Zv

— Lance Roberts (@LanceRoberts) December 18, 2020