not long now and new all time highs coming in spoos n dow. there may be one more little fake move down before roof is taken off. Will urf sell more at new highs to go for the 9th straight loser? lol.
The market doesn't need to correct. It can go sideways and revert back to its mean. The big players are still long because innovation and future growth expectations are high and the economic environment we're in is quite stable. It could be a while before we see a trigger, e.g. diminishing returns from automation. As @southall stated, this could be the longest bull run in the history of financial markets.
Of course, at some stage it will correct but not necessarily in the short-medium term just because stocks are overvalued.
French election is this Sunday. 1% gap up in futures the last time it happened so maybe another gap this time, up or down
fo sho. Macron likely win, will push further risk on, we already had the tell on the 1st round. Also dollar looking strong. rip of death incoming.
Talk about monster sell signals above--- these clowns make the perfect fade-- they lack the nerve to even launch their own journal and keep jacking this one -- #SAD Looks like the Price Driver Projections are FINALLY playing out in a major way--- HOLD YM SHORTS HERE FROM BARRONS according to a recent Bank of America Merrill Lynch report, a record number of fund managers – the highest in the survey’s 17 years – think equities are overvalued. The U.S. was identified as the most overvalued region, while emerging market and euro-zone equities were seen as undervalued. Investors are responding accordingly. Last week, institutions sold about $11 billion of Standard & Poor’s 500 index futures, the largest amount since June 2016. At the same time, they bought about $4 billion inNasdaq 100 futures, $1 billion in emerging market futures, and $1 billion in EAFE (Europe, Australasia and Far East) futures. The huge discrepancy between U.S. and international futures trading suggests investors are worried that the U.S. market might be losing its panache on concerns President Donald Trump may not be able to implement his pro-growth agenda. If investors were confident, more of the $11 billion in S&P futures would have been reinvested in the U.S. derivatives market.
what a chump. Have you not worked out yet that you want to be buying when it 'looks' the most bearish and vice versa. GL.