“There is no data we follow that is more worrying than this.”

by scuczu

Tiny investors are historically bullish. Last week, the smallest of options traders (those who trade 10 contracts or fewer at a time) positioned themselves to bet on a rally, buying bullish calls and selling bearish puts at a record pace, according to Sundial Capital Research. “When we look at a group of traders who tend to be wrong at emotional extremes, the warning sign is clear,” said Jason Go…

https://www.bloombergquint.com/markets/extreme-behavior-is-on-display-everywhere-in-the-stock-market

Stock trading is the new sports betting. Three of the top online brokerages had almost 800,000 sign-ups in March and April. “I’m not here for the long run – I just want to throw a thousand bucks at something to see if I can make a few hundred.” https://t.co/9bYIfouOav

— Lisa Abramowicz (@lisaabramowicz1) May 20, 2020