Are Stocks Overbought Right Now? Expert Market Technician Weighs In

A rare CNBC treat! An appearance from Elliott Wave's Steve Hochberg, as he shares his thoughts on why the current market looks (extremely) overbought, and why safety is the order of the day.

Best part of the interview for us EWI fans/subscribers - he gets fired up near the end, and mentions social mood as the driver of the stock market/economy! Yes, he went there, on mainstream financial TV! Love it.

More from Steve Hochberg: Financial Euphoria and Record High Trading Volume - What It All Means