Here is the S&P fund, symbol KBE, representing the bank sector. It is extraordinarily overbought.
Banks Ready to Reverse
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Webster’s Revised
I’m not sure if you realize this, and I’m sympathetic if you do not, but: we live in insane times. And I’m afraid “insane” fails to capture the full madness of it all.
For example, I would propose updating the formal definition of stock market valuation. In simpler times, it was something like this:
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