Words like "COMING SCORCH", or "I would not short this market in my lifetime" etc.
People keep comparing this correction to the last few corrections. I knew this would happen. Except this isn't like the previous corrections.
One, you have every talking head coming out saying everything is fine, economy is strong, etc etc. While the economic data keeps coming out saying otherwise.
Maybe they can all read the future, I don't know. My guess is not. What I read from sentiment is complacency, and a lot of knife catching.
Meanwhile, leverage is still very huge. Bearishness ain't even near a point where bottoms should be.
Only person shorting pops seems to be XD. Everyone else apears to be buying the dips.
You're forgetting the mantra of the day. "There is abundance of liquidity". Every one on CNBC will tell you that liquidity is bursting out of every hole in the ground. Private equity companies are competing for the largest ever take over in 10s of billions of dollars.
