Key Stock Market Sentiment Gauge Reaches 'Manic' Levels

Its Manic - thats how the Bloomberg Intelligence Market Pulse Index desicribes investor exuberance for this market.

The BI Market Pulse Index is based on six inputs: price breadth, pairwise correlation, low-volatility performance, defensive-versus-cyclical performance, high-versus-low leverage performance and high-yield spreads.

 

从图可以看出23年以后无数次在同样level，可见不一定这个level一定correction