from King World News
On the heels of the Dow surging close to the 26,300 level, a record was just tied set was set right before a major stock market collapse.
Public Continues Record Speculative Stock Buying Binge
June 16 (King World News) – Jason Goepfert at SentimenTrader: Over the past few weeks, we’ve looked at the high and increasing amount of speculative activity among options traders, particularly the smallest of them that transact 10 contracts or less.
As stocks rose 3% or more each week, it was kinda-sorta understandable. But last week, stocks suffered high volatility and a big decline on Thursday, coupled with a mostly-failed rally attempt on Friday. That did not put off speculative traders – in fact, it emboldened them.