Quote of the Day: Like the Spring of 2000…

In client review conversations — in response to the disbelief our more veteran/tutored clients express about the present state of market affairs — I often find myself harkening back to those tech bubble days (spring of 2000) when retail traders threw all caution to the wind and bid tech stocks into the proverbial stratosphere.

This from yesterday’s Sentimentrader column:   

“The smallest of options traders (and the largest, too) have returned to their speculative ways. They’ve once again been buying call options while staying away from hedges. Overall speculative activity is now the highest since the spring of 2000.”

Hmm…. 

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