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  • S&P 500 Extremely Elevated, Sell-Off To Come 0 comments
    Apr 3, 2013 11:18 PM

    The S&P 500 continues to remain at extremely elevated levels, with many professional and retail investors looking for a market sell-off. What is surprising is that the S&P 500 has risen in spite of general market sentiment that hasn't become overly bullish.

    New data from Bloomberg show that the S&P 500 has moved up towards analysts' estimates to such a level that the market is approximately five percent away from the mean forecast. This is the closest the S&P 500 has gotten to Wall Street estimates in the last seven years, with the historical difference normally around 14%. (Source: Rupp, L. and Gammeltoft, N., "U.S. stocks fall as American manufacturing index slips," Bloomberg, April 1, 2013.)

    What this means is that the S&P 500 has exceeded the current market sentiment and has continued to rise. At this point, either the S&P 500 has gotten far ahead of the underlying fundamentals, or market sentiment will turn even more bullish, as analysts begin to increase their expectations for this year.

    Click here to visit : S&P 500 Extremely Elevated, Sell-Off to Come

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