Another Bear Capitulates

The Market Owl blog was bearish for the longest time. Now it seems like another bear has capitulated:

For the next several months, you have to be bullish.  I am not recommending buying stocks right now, as I see a shallow pullback in the next two weeks.  But if you had to place a trade now and couldn't get out for 6 months, I am a much better buyer than seller.

Equity prices are unhinged from reality. Companies with debt and negative operating income find enthusiastic buyers while deep values in the energy sector languish unwanted.

Intraday CBOE put/call ratio is 0.45, indicating that complacent bullish call-buying is continuing unabated.