Remember that it was only 2 years ago that pundits where calling rising Treasury yields the “trade of the century”?
The biggest bubble is in investors' belief that there is no risk.
So what does the data show when there are an extreme low number of Investor Intelligence bears?
Resolution of current fiscal "crisis" unlikely to matter to markets.
There is a wall of support for the $VIX between a value of 12 and 13. This is where selling in equities has taken place in 2013.
But don’t worry, the cavalry will soon arrive – at least that seems to be the current thinking.
we are closer to the end of this rally than the beginning
As Dirty Harry would say.....
If you are an equity bull let’s hope you don’t get what you wish for.
How is the Federal Reserve going to stem the deflationary tide with equity markets at their highs?
US Equities continue to diverge from the underlying fundamentals and most asset classes.
There are over 4 times as many leveraged bulls as leveraged bears.
a simple trend line approach may be the best option for navigating a market that has lots of cross currents
So maybe we should take Bernanke at face value.
The best way to get to a "buy" signal is to have lower prices.