Everyone has a foot out the door.
AAII Sentiment plunged this week – among the fastest drops in history.
Spikes in pessimism are very rare – this time all it took was a 2% pullback.
This remains a "wall of worry" in full force – Follow the trend. pic.twitter.com/R5BuNRgtI6
— Macro Charts (@MacroCharts) September 16, 2021
— Antonio Pérez-Algás (@apanalis) September 15, 2021
Collapse In Retail Investor Euphoria Points To "Imminent Correction", Vanda Warns t.co/8k1MQ5u45X
— zerohedge (@zerohedge) September 16, 2021
CATHIE WOOD KEEPS SELLING TESLA, UNLOADING $62 MILLION OF SHARES, $266 MILLION TOTAL SOLD THIS MONTH
— FXHedge (@Fxhedgers) September 16, 2021
Last time buybacks were this high was in 2007 right before 2008 financial crash. But, it's even worse this time. Remember, most repurchases occur at bubble tops. pic.twitter.com/10rvjDyqxq
— B.P. Rising (@BP_Rising) September 16, 2021
Stocks are up against a range of obstacles, including seasonal weakness, uncertainty around the Covid delta variant and rising costs.