Investors Intelligence Issues "New Major Warning" For Stocks

Tyler Durden's picture

With the spread between bullish and bearish investors surging to its highest since the first week of 2017 (and bears at their lowest since March 1st), Investors Intelligence sees more than a little complacency spreading into financial markets.


In their latest note, II notes that newsletter writers classified as bulls rose to 60.2% this week - the first time above 60% since March 1 (and up from 57.8% last week). This has triggered Investors Intelligence to warn:

"This is a new major warning calling for defensive measures to protect profits, renewing the same signal from earlier this year.



In the historical comparison, the bulls ended Jan-1987 at 64.6% and then returned to 60.8% that Aug after further market highs" ahead of October crash.

Still, it's probably different this time.

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Haus-Targaryen's picture

So if this chart is supposed to indicate future performence ... that means down to 2100, or same levels as in 2016. So what?

gramps's picture

Yeah a 25% drop is no big deal right? SMH


Haus-Targaryen's picture

Today figures, that would be a 14% drop.  

Would be nice to see, but even at 2100 its still blown up to stupid levels.  We need to see 3 digits in the S&P again. 

GUS100CORRINA's picture

1987 - 2017 - 30 YEARS

It is time for the "KNOW IT ALL" Milllennials to experience what the Baby Boombers experienced in 1987, the YEAR that the PPT was formed under President Reagan.


espirit's picture

When all the hot money and insiders go short, then only will the Bear raise it's head.

Not until then. Fake news to skim the serfs.

Uranium Mountain's picture

I've noticed it takes a $0.05 increase in the dollar to make gold drop $10 but it takes a $0.60 decrease in the dollar to make gold go up $10.  Hilarious

lester1's picture

Blatant market manipulation by the unaudited Federal Reserve's Plunge Protection Team !!

Until the Fed is fully audited, expect this gold price manipulation to continue.

lasvegaspersona's picture

The PPT is Dept Treasury....I don't doubt they coordinate with the Fed.

slobbermut's picture

So?  That doesn't prove anything...doesn't mean shit you conspiracy nut...doesn't mean we are manipuilating things...doesn't mean we have anything to do with it!!  The markets are fair!!!!  We, we don't do that anymore damn you!!!!!

wisebastard's picture

its max keiser's virtual specialit technology.....why do you think he pumps gold up on every other show with ridicuols claims....i think at one time he said it would be at $50-80,000 and bitcoin is going to six figures....

lester1's picture

Hahahahaha hahahaha

Geez, how many times do we read doom and gloom only for the Federal Reserve's PPT to buy up stocks and keep the market propped up?

No crash. Yellen said so.

Hey Peter Schiff... Yea you... We know your lurking here. Remember August 24, 2015 when the PPT reversed a -500 point drop in just 15 minutes??

BullyBearish's picture

smellin said "no crash in my lifetime"...what she didn't tell us is she has terminal testicular cancer and is scheduled to take her place in hell before john mc$hitstain...

espirit's picture

Gellin has to stall long enough to let VISA corner the cash market.

That way there is plenty of interest collected to cover pension shortfalls.

. . . _ _ _ . . .'s picture

Bernanke said the same thing about the housing market right before it... well you know what happened.


Feb. 15, 2006

"Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."


True Contrarian's picture

Vix set to test the 8 handle.

What could possibly go wrong?

tgatliff's picture

Was central banks also buying stocks in 1987?  Its laughable that some people still believe that there is a parrallel to today's world...

espirit's picture

I believe there is a parallel world on the other side of the flat urff.

That's where libtards come from. Some say they get through the hole left by Fukushima.

Ignorance is bliss's picture

Yes...I'm sure central banks or other government entities were buying stocks in 1987. What makes you think TPTB  didn't manipulate markets in 1987?

tgatliff's picture

Wasnt the PPT (aka President's Working Group on Financial Markets) created after the 1987 crash?   

Bryan's picture

Protect profits?  What profits?

espirit's picture

That was a misspelling. Immeasurable paper prophets.

Don't you see how well the pensions programs are doing? 

PeeramidIdeologies's picture

She's like a scuba diving skydiver, a long ways off the ground, yet a long ways from a breathe of fresh air.

I think we are very close to an inflection point where the market will have to engage in a significant pull back, or unveil a new narrative to continue upward. Until then? Range bound.

White Knight's picture

All I read was "new record highs on the way! YEEAHHHHH BABY!"

Admittedly I'm not wearing my glasses but I'm pretty certain thats the punchline.

Iconoclast421's picture

Notice that big green bar on the very left of the chart, right before the first big yuge rally of 2017. These guys are just selling doom to get people to go short so they can get their asses handed to em and feed the longs.

Jtrillian's picture

"Not in our lifetime" - Janet Yellen

It IS different this time.  Central banks are THE market makers.  Let that sink in.

There are no markets... only the central banks.  If markets tank, it will be a time of their choosing. 

turkey george palmer's picture

The  bubble has many supporters that are relatively interconnected so that if one fails the rest can't help but fail.

There's no entity large enough to stop a collapse. Buying debt and ETFS in a market collapse will bankrupt the fed. That's the plan all along. Our nation has run headlong to the brink of extinction band we will be ruled by globalists. Trump be dammed he said just carving out a slice for himself


Five Star's picture

Everyone is calling a top on this market.

Everyone doesn't get to be right. That's not how the game works.

Just cause the market is in a bubble doens't mean it won't stay that way for years.


QE4MeASAP's picture

The current World Order depends on ever-increasing equity values.  If equities drop, so does the World Order.  So, not going to happen.

Two Theives and a Liar's picture

It's all about the dollar anyway. 

Stocks schmoks

GOLD bitchez!

Dragon HAwk's picture

Didn't the Zimbaweavian Stock market keep Going Up?

MrSteve's picture

see this URL for the 1923 50 Millionen Mark coin from Westfalen / Weimar Republic. The Weimar mark rose with the stock market until they both crashed from the peak.

ZeroLounger's picture

There's not going to be a correction in this market in GOD's lifetime.

stormsailor's picture

you would have to be crazy-brave with nerves of steel to short into this. lose your mind and all your money. hint: when was the last time markets actually worked on fundamentals and made sense? 2007.