A week ago [6], after seeing Barron's latest cover, we said : "This time is never different.... unless, of course, one acknowledges apriori that "this time is different" thus making this time, er, different? At least that is the logic according to the latest headline-grabbing edition of Barron's which observes that with the Nasdaq approaching 5000 again, "fears have been raised about the possibility of yet another market collapse." But fear not, because "this time it's different [7]"..."
[8]
Seven days later, it remains to be seen if market bubblemania on the back of central bank multiple expansion [9]can thrive, especially as corporate cash flow (and revenue, and GAAP EPS [10]) growth trickles to a halt, coupled with an energy and junk bond market implosion, but when it comes to Barron's covers top-ticking the market, it is never different.
[11]
Finally, as Ashraf Laidi reminds us...
This week SPX erased 3 week's worth of BACK-to-BACK gains in a single week. Last time this occurred was in Oct 07. #forex [12] $SPX [13] #stocks [14].
— Ashraf Laidi (@alaidi) December 13, 2014 [15]
h/t @Not_Jim_Cramer [16]
