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Risk Appetite At Extreme Highs Signals Risk-Off To Come
While Tom Lee may well spit out his morning tea at yet another one of his truisms smashed in front of his eyes, it seems that not only is the market the most net long it has been since the top in 2008, but now Barclays proprietary risk appetite index has reached extreme bullish levels - signaling contrarian-wise, consolidation at best and a more significant sell-off typically. It is oh-so-annoying when the facts get in the way of a good wall-of-worry-climbing, money-on-the-sidelines-spewing, beta-performance catch-up chasing market rally that appears to have stalled - especially when your year-end target is inexorably rising...
Source: Barclays
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Its like standing at the top of a skyscraper for the view while the demolition crew is preparing the charges below. Whos got a parachute for me?
I guess this means people will be piling into US treasuries then. I'm long both stocks and US treasuries, but I've sold some covered calls against my treasury futures position, so I might buy them back this week. The VIX looks like its about to fall off a cliff, so I may add to my VIX short too.
Don't forget to BTFD in GOOG (and maybe CMG too) while your at it...
RED ALERT: FUKUSHIMA SPENT FUEL POOLS EXPLODED, ON FIRE NOW, RADIATION LEVELS SPIKING MASSIVELY
Posted by jeffrey goober wefferson on October 22, 2012 at 16:30
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WARNING! This is the worst-case scenario unfolding at Fukushima. According to Michael Eckstein, a researcher who lives only 50 miles from Fukushima, explosions and fires have occurred at spent fuel pools two and four over the past four days and now radiation levels are spiking enormously. THIS IS THE WORST-CASE SCENARIO BECAUSE OF THE THOUSANDS OF TONS OF PLUTONIUM CONTAINED IN THESE SPENT FUEL POOLS. This is now vapourizing into the atmosphere and being disseminated with the winds. Major cloud and radiation spike estimated to hit west coast of USA in two weeks or less.
http://thecontrail.com/profiles/blogs/red-alert-fukushima-spent-fuel-pools-exploded-on-fire-now?xg_source=activity
IF true: National emergency in the USA?.....Election `postponed` ??
sounds like a doomsday scenario - but I am no Nuke expert.
No "news source" has reported on this...only links back to same dubious post. Think I'd wait for verification before running for hills.
Right back to Ben Fulford and his endless White Knight bullshit?
FALSE ALARM!!!
http://www.tepco.co.jp/en/nu/f1-np/camera/index-e.html
Ass...hat.
Keep humping that paper MDB
Benny has so much he's pleased some suckers (like MDB) are still swallowing the junk
@ $million
I would be doing the opposite, selling both some Treasuries and stocks (and have been, eating my yummy dogfood), particularly anything that is UP a lot. Lock those gains in. But, I see NO PROBLEM is holding decent amounts of stocks, bonds are less attractive.
GOLD should be 5% - 10% of every portfolio, physical gold (some silver OK too). Mainstream money managers almost always are OK with 5% in gold.
Yet only 1% of Americans hold gold... Instant diversification for the masses!
Are you still at Morgan Stanley?
If so I need to increase the size of my put spead on your employer.
False Flag.
LONG elevator shafts.
A 200 Year Dome Top Reversal Pattern - Hello Deflation
http://chartistfriendfrompittsburgh.blogspot.com/2012/10/a-200-year-dome...
wow that's a long-term chart....I prefer the five minute...sometimes the 30 minute
Downside wick in place...rally time before tonights debate unless new lower low made. Watch out.
its the "pile in AAPL save the indexes" day.....or the "front run the end of day ramp" day.....you pick
You can feel the way the shit clings to the air....the shit blizzard is comin.
shit clings - YouTube
SHIT SHOW!
"Full scale Shiticane!"
"especially when your year-end target is inexorably rising..."
I thought it read "REAR-end target"...which really gives a nice visual...
Ben and Draghi gave the markets what they had long been waiting for: unlimited QE3 and euro bond buying. I expected a fairly enthusiastic response, but there was only a very lukewarm one. That was when I decided to get out. If anything could have juiced the market, it was QE3. And it didn't. Danger! Danger! Will Robinson.
The markets have had a great run in the past few years and it is time for a correction, maybe a crash. If you have gains, cash out now like I did at the current tax rates. Earnings are coming out weak and the fiscal cliff is approaching. You'll be able to buy back in a few months at a lower price.
Sniff snifff - I smell 13000.
Hey Barclay's does your internal risk appetite index get updated everytime someone calls and needs the number to change? Or are you still using IM and email for your manipulations?
So naturally the contrarian play to the contrarian play is to BTFD.
Ramp job appears to be on time I see
Since the 9/14 peak we have a series of lower highs and (so far) lower lows. The trend is down. Conformation would be a break of the 10/14 low.
This rally has just started. Someone's got to take the contrarian position. Fiat to burn.