The only bubble in the stock market is the ‘bear bubble’ of overly negative sentiment, Fundstrat’s Tom Lee says
By Matthew Fox, Business Insider
The only bubble in the stock market is in the pervasive bearish sentiment among investors, according to a Monday note from Fundstrat’s Tom Lee.
In his recent conversations with investors, he noticed a persistently bearish bias towards the stock market even in the face of an impressive year-to-date rally that is setting up well for a continued move higher into the end of the year.