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WHOA!!! Everybody Is Leaning The Wrong Way!


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#1 OEXCHAOS

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Posted 18 June 2019 - 10:22 AM

Everybody is leaning the wrong way....

From Reuters, re BAML survey:

"The percentage of investors expecting higher short-dated interest rates fell to its lowest level since 2008, the survey of 230 panelists with $645 billion in combined assets under management found.
 

Money managers meanwhile dumped risk: they haven’t been this bearish on stocks since early 2009 when the world was in the throes of a global financial crisis.
 

Funds’ allocation to global equities dropped by 32 percentage points from May to a net 21% underweight, the lowest allocation to stocks since March 2009 and the second-biggest one-month drop on record."


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#2 Waver

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Posted 18 June 2019 - 11:13 AM

great contrarian indicator



#3 12SPX

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Posted 18 June 2019 - 11:29 AM

Everybody is leaning the wrong way....

From Reuters, re BAML survey:

"The percentage of investors expecting higher short-dated interest rates fell to its lowest level since 2008, the survey of 230 panelists with $645 billion in combined assets under management found.
 

Money managers meanwhile dumped risk: they haven’t been this bearish on stocks since early 2009 when the world was in the throes of a global financial crisis.
 

Funds’ allocation to global equities dropped by 32 percentage points from May to a net 21% underweight, the lowest allocation to stocks since March 2009 and the second-biggest one-month drop on record."

Curious what was it at the top in 2008?  I believe I saw a chart of the Feds first cut back then and the market went on to crash in the fall.  



#4 OEXCHAOS

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Posted 18 June 2019 - 03:42 PM

 

Everybody is leaning the wrong way....

From Reuters, re BAML survey:

"The percentage of investors expecting higher short-dated interest rates fell to its lowest level since 2008, the survey of 230 panelists with $645 billion in combined assets under management found.
 

Money managers meanwhile dumped risk: they haven’t been this bearish on stocks since early 2009 when the world was in the throes of a global financial crisis.
 

Funds’ allocation to global equities dropped by 32 percentage points from May to a net 21% underweight, the lowest allocation to stocks since March 2009 and the second-biggest one-month drop on record."

Curious what was it at the top in 2008?  I believe I saw a chart of the Feds first cut back then and the market went on to crash in the fall.  

 

 

I wouldn't compare the current market to 2008. No similarity that I can see.

 

M


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#5 12SPX

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Posted 18 June 2019 - 04:31 PM

 

 

Everybody is leaning the wrong way....

From Reuters, re BAML survey:

"The percentage of investors expecting higher short-dated interest rates fell to its lowest level since 2008, the survey of 230 panelists with $645 billion in combined assets under management found.
 

Money managers meanwhile dumped risk: they haven’t been this bearish on stocks since early 2009 when the world was in the throes of a global financial crisis.
 

Funds’ allocation to global equities dropped by 32 percentage points from May to a net 21% underweight, the lowest allocation to stocks since March 2009 and the second-biggest one-month drop on record."

Curious what was it at the top in 2008?  I believe I saw a chart of the Feds first cut back then and the market went on to crash in the fall.  

 

 

I wouldn't compare the current market to 2008. No similarity that I can see.

 

M

 

Totally agree just wondering what the reading was.



#6 SteveB

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Posted 18 June 2019 - 07:24 PM

How many here saw the crash coming in 2008? Just wondering...



#7 CLK

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Posted 18 June 2019 - 07:36 PM

Lots of people think this is a big top, . Some cite the rate cuts in 2001 and 2007, it's all about context, not even remotely the same.

 

I highly recommend CiovaccoCapital updates, I think you won't find this work much anywhere else.

 

 



#8 SteveB

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Posted 18 June 2019 - 11:43 PM

Thank you. I really dont know if its a big top but I do think its a circus!

#9 fib_1618

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Posted 19 June 2019 - 08:27 AM

How many here saw the crash coming in 2008? Just wondering...

 

Hand raised.

 

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"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#10 OEXCHAOS

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Posted 19 June 2019 - 09:24 AM

How many here saw the crash coming in 2008? Just wondering...

 

Boy a whole bunch of us some big trouble on the horizon. I will admit, it was much worse than I expected.

 

I still came out ok, but there were some shorts I wish I had taken.

 

M


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