markets should see a minimum 5% correction...going to be interesting to see what japan markets do tonight.
Excuse me, but the valuation "gap" between BONDS and STOCKS is at a level that is near historic extremes . . . meaning that the BOND market is at the same level of valuation ( relative to stocks ) as the stockmarket was back in March of 2000. If anything, BONDS are a STRONG SALE here.
Amazing! The bears get to live another day...and the bar chart looks like a pricing error on my terminal.
It seems 80% of the people on ET are bears right now. At the same time, buy side research is overwhelmingly bullish right now. PS: china's latest round up is likely a result of this: http://english.peopledaily.com.cn/200612/25/eng20061225_335619.html that tax law potentially frees up another 25% for positive earnings. i'll continue to go net long and short the frothy stuff until I see a reason (like faltering jobs). GM failing to sell cars in Dec is not an indicator of the consumer's health, when Nissan and Toyota are announcing record #s same month. This is about preference, not free cash flow.