Jump to content



Photo

If fears drives bull markets then


  • Please log in to reply
No replies to this topic

#1 nimblebear

nimblebear

    Welcome to the Dark Side !

  • Traders-Talk User
  • 6,062 posts

Posted 09 March 2014 - 11:20 PM

1) margin debt new all time high (can't be any fear with that- that's not just confident but down right cocky)
2) II sentiment ratio recently well over 4 bulls to 1 bull. Only time it was higher was 1987. Blown out 2000, and 2007 tops.
http://www.yardeni.c...mktbullbear.pdf
3) subprime auto loans at near all time highs. (both in term length and amounts) . GM continues its channel stuffing practices that peak before the 2007 crash. Rinse cycle repeat
4) tesla stock and fuel cell stocks once again represent the epitome of rampant bullishness. Since its low last year around .20 plug power is now up 800 percent. This was a stock that did similar thing, Right around the early 2000's crash. People never learn, and rinse cycle repeat. Oh, plug power once rose higher than $100 / share.
5) Everyone bullish about shale play, attempting to paint it as our new savior of the economy. ( funny thing happened this winter on the way to that - industrials were gas curtailed more than 23 times this season. Inventories got drawn to near zero, and prices spiked to nearly $7. )
6) people getting re excited about commodities and crb. Dr copper however doesn't agree.
7) over optimism about re-shoring - Walmart says it will spend $250 billion on American products - oops over the next 10 years.
8) musks giga battery factory - cool, one more bubble right at the top of the electric car peak. ( sorry folks hate to disappoint but electric cars are nothing more than a novelty and a sign of the monetary bubble. All those folks who paid $80k to $100k will have a big hunk of no good battery on 4 wheels come a few years from now.)
9) crypto currency. Now if that isn't a sign of froth I don't know what is, marked by the fraud that was mt.gox, and soon to be other Bitcoin dirty launderers. Another DOA concept. Marking the DOA market top that is now forming, as will be showing more signs in the coming days with some nasty 6 to 10% drop, to be followed by some rampage back to near the top that's already been set.
10) many loud proclamations by certain posters here, of continued new bull market highs, and a lot of their picking on anyone who dares say otherwise. Representative of incredible optimism and over bullishness that this market can never go down.
11) bonus - Jeremy Siegel proclaiming Dow 18000 not too far away - that guy gets trotted out by cnbc almost to the day of every market top.
OTIS.