Widespread overconfidence is putting investors in a dangerous situation, Invesco's Kristina Hooper warns

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How widespread overconfidence may be putting investors in a dangerous situation (via TradingNation)

Whether it's optimism or pessimism, she warns they're becoming dangerously overconfident about where the market is heading next.

Hooper observes that more and more investors, particularly on the retail side, are making risky one-sided bets off their polarized market views. She believes it's a major trap that will result in deep losses.Kristina Hooperbitcoin, Hooper, who oversees $1.1 trillion in assets, views the rising popularity of no-fee online trading platforms such as Robinhood as creating more access to the markets and contributing to enthusiasm among retail investors.

 

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