GOLDMAN’S BEAR MARKET RISK INDICATOR SCREAMING “BEAR MARKET AHEAD”! Goldman is also quick to explain that since equity bull markets do not die of old age, its own bull/bear market indicator is at levels that preceded both the dot com and the 2007 global financial crisis – should be largely ignored: Economic cycles and equity bull […]
“RISK” MAY BE LOW BUT THE “AMBIGUITY” GAUGE IS AT RECORD HIGH? — SOURCE: 12-13-17 WSJ via ZH – “‘Risk’ May Be Low But Uncertainty Over “Unknown Unknowns” Just Hit Record Highs” — While the fear-tracking VIX has been languishing near record lows this year, a gauge of so-called ambiguity, meant to chronicle the degree of uncertainty investors […]
THE COMING COMMODITY SHOCK BIG REVERSAL As the Bank of International Settlements (BIS) initially identified and Charles Hugh Smith and I laid out in the Macro Analytics video: “The Results of Financialization – Part III – The Big Reversal”, we are at the beginnings of what could be labeled as the “Big Reversal”. The era […]
RAGING ASSET INFLATION OR RISING PRICE INFLATION – ITS ALL THE SAME PROBLEM! — SOURCE: 12-12-17- Mises Institute – Thorstein Polleit – “Asset Prices Are Prices Too” — We live in inflationary times. Some people might consider this statement controversial. This is because these days inflation is widely understood as a rise in the consumer […]
INVESTOR INTELLIGENCE BULL-BEAR SPREAD – NOW VERSUS BEGINNING OF LAST BEAR MARKET Here is where the Investors Intelligence Bull-Bear spread stood heading into previous bear markets versus where it stands right now. As Goldman writes, “bullish sentiment alone is not a reason for a correction but increases risk of disappointment.” And see that’s the thing […]
IN-DEPTH – TRANSCRIPTION: A CASCADING & COLLAPSING COLLATERAL CRISIS SLIDE 4 SLIDE 5 I discussed this chart in the November LONGWave video regarding my speculative views on what may lie ahead for us financially, economically and politically. Because of time I was unable to elaborate in the video on why I specifically saw a collateral […]
BoAML: “THIS IS A CLEAR SIGN OF IRRATIONAL EXUBERANCE!” — SOURCE: 11-14-17 ZeroHedge – “Bank Of America: “This Is A Clear Sign Of Irrational Exuberance” — The latest monthly Fund Manager Survey by Bank of America confirmed what recent market actions have already demonstrated, namely that, as BofA Chief Investment Strategist Michael Hartnett explained, there […]
SENTIMENT: MARGIN DEBT & MANIAS — SOURCE: 11-21-17 CrossCurrents – “Margin Debt and Manias” — The tech mania was arguably the most intense since the Roaring Twenties debacle when stocks eventually wound up crashing 90%, notes Alan Newman, marketing timer and editor of CrossCurrents. In 2000, prices soared so far out of line that I was comfortable […]
INVESTORS TOLD TO BRACE FOR STEEPEST RATE HIKES SINCE 2006 –SOURCE: 12-10-17 David Goodman, Bloomberg – “Investors Told to Brace for Steepest Rate Hikes Since 2006” Citigroup, JPMorgan predict policy tightening in rich nations Fed, ECB, BOE and SNB set policy in 18-hour window this week Wall Street economists are telling investors to brace for […]
