I wanna hear from pinkman!! I'm pretty suure he was calling for 25-30K on the dow back when we were at 10k and everyone on elite was screaming 'Overbought!!! crash is coming!'' lol I wonder wear he keeps his yachts! haha
Out of curiosity when did the smell become noticeable for you - in 2009 when the bull run started; in late 2016 when Trump got elected... when? And where is there better yield exactly for the professional asset manager - Sovereign debt ? Corporate paper ? Commodities ?
It is just a smell. Nothing in the universe goes in one direction for very long without correcting. Look at any equity index chart. Were it not for Trump and Kim playing the nuclear game, I'd sit long. But God forbid these shit-jerks actually pull their trigger fingers? I cannot stay long in a market with expiry with that weight on the shoulder. I am losing out by not taking the longs, but I am also not losing by sitting out. One of these peeps decides to wag their dick-tail and we're in a whole world of hurt. That is all that is in my head at the moment. To answer your question more specifically... It's...It is just that. A feel...a smell. Something is wrong here with this run. It does not seem "founded."
Good lord, all major US indexes down a fraction, 0.20%....great time to goose the Vix off its all-time low...vix up 9.00%........Gotta love how you can manipulate this.
Also on Monday it usually gaps up 4-5 %.......Matters not were indexes are trading in pre-market, matters not were index futures are trading either.