Who's Left to Sell U.S. Stocks? Mood Darkens Most Since Volcker
- S&P 500 has posted higher returns after extreme bearishness
- Sentiment sours among newsletter writers, options traders
Is It Time for the Federal Reserve to Be More Aggressive?
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Investors hate stocks-- again.
Amid a six-year bull market that’s notable mainly for how little conviction there is in it, equity sentiment is plunging at a historic rate, falling by some measures at the fastest pace since Federal Reserve Chairman Paul Volcker had just finished pushing up interest rates in the 1980s. The cost to hedge against stock losses is soaring, valuations are contracting, and bearishness among professional stock handicappers is rising the most in three decades.