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: Historical Example
This is the worst year-to-date divergence between Dow/Nasdaq since 2009...
Tech stocks analog
Sector dominance in the market
The only time the tech sector has been more valuable than this, relative to the financials, was at the very peak o...
One of my favorite analogs of all time.
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Comparing the present bubble to past ones
Inflation Since 1872
Monthly inflation over centuries
The last time SMART money and the market diverged this much did not end well for stocks...
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We are in the second longest bull market in history
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Asset bubbles over the past 40 years
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Debt/GDP ratio (and this is based on a hugely OPTIMISTIC forecast by the geniuses in the Fed Govt)
Biggest bull markets of all time
Similarities to 1929, 1987, 2000 & 2007 in play
Interest rate history
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Mnuchin has fallen in line behind his boss and repeatedly asserted that the US would make up for lost tax revenue...
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"Every market crash has been preceded by Fed tightening."
1929 Throwover Top
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Stock Market Optimism Hits Highest Level Since Crash Of 1987
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Big Round Numbers and the Dow
As it stands it’s been around 80 days now there hasn’t been an either 1% up or down move on the $SPX. 5% pullback...
However in this case markets have been subject to unprecedented volatility compression. Never has a year or quarte...
Assets to GDP - yet another extreme never before seen in the history of the universe
The brilliant 2008 forecasts from the "experts", including the hideously ugly Abby Joseph Cohen.
This is "unusual... Must Watch"
The Global FInancial Crisis bubble
Unless the world comes to a very serious end overnight, global equity markets are about to do something they have...
Contra Corner » Chart of the Day: Look Out Below!
AAPL in context_1
A surprising perspective
A beautiful analog...........
first 12 month period in the history of the S&P 500 without a 3% drawdown. The VIX is also the lowest on record us...
No 52-week high in the Nasdaq 100 has ever been accompanied by as few advancing stocks as today’s.
On this measure, market valuations are now more extreme than at any point in history, including the 1929 and 2000...
The chart below shows the median price/revenue ratio of S&P 500 component stocks, which set yet another record hig...
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We have now recorded 334 days without a 5% or more pullback (and 335 after today's close), the fourth longest peri...
It has now been 242 days since the US equity market dipped by 3% or more... That has never, ever, happened before..
As I have shown previously, these late stage “melt-ups” are not uncommon. In fact, as shown below, it is somethin...
The chart below shows the 1000-point milestones of the Dow going back to 2009. After a long break between 18,000 a...
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The S&P 500 Is Now Overvalued On 18 Of 20 Metrics
As StockBoardAsset shows on the 24-year monthly ratio chart below, bulls have pushed the S&P:VIX price into uncharted...
The Dow has hit 31 all-time highs in 2017 and has done so with no more than a 3% pullback.
The S&P 500 has not seen a drawdown of more than 3% since the election last November. As PensionPartners' Charlie...
My favorite analog right now...........
Crash of 1929 - this is what I keep hidden under my mattress.
The stock market is near peak euphoria here (tracked by the ratio of Fwd P/E to VIX)...
A long view of the psychology of the markets
Historically speaking, such levels of exuberance have tended to have poor outcomes for investors who did not reali...
Hedge Funds Have Never Been This Bullish About Small-Cap Stocks...
Over 57,000 Russell 2000 e-mini contract longs were added in the last two weeks - the most since July 2008 - leavi...
Notably, the US Macro Surprise Index has dropped for 13 straight weeks (since The Fed hiked in March) - this is th...
Below looks at the Stock/Bond ratio (SPX/ZROZ), using the two assets from above. The ratio in our humble opinion,...
The last time US Macro and stocks decoupled like this was in mid 2015 and did not end well for stocks...
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'Reputable' Investing Newsletter To Millennials: "If You Do Not Have 100% In Equities, You Are Crazy"
It was 50 stocks back then, just add a “0” today and make it the nifty 500? S&P 500 Long-Term “Weekly” Chart
The transports are a key cog in our economy, so they also tend to be a key indicator for stocks historically.
Stock-To-Bond Ratio Back At 2007 Peak
The Last Time Americans Felt This Good About Stocks, The Dot Com Bubble Burst 2 Months Later
Durable Goods Orders have gone nowhere for five years...
Transports; Could be repeating 1999 & 2007 pattern
Household Wealth Has Never Been Higher Relative To Income
Treasury Yields: A Long-Term Perspective - dshort - Advisor Pers...
Last year was a remarkable one for yields. The 10-year note hit its historic closing low of 1.37% in July and then...
Amazing long-term view of stock uptrend and channel
Market recoveries and declines measured in time
Third major instance of a very bearish setup in Dow Transports
What is perhaps more immediately worrying is the seasonal tendency for a post-fiscal-year surge in Economic data f...
And worse still, Barack Obama is the only president in US history to never have a year of economic growth over 3.0%...
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Until recently. As the next chart shows, we are now 11.2 months removed from the bottom of the last correction. Wh...
Reagan and Trump
TLT/SPY is awfully similar (umm, identical) to 2007
Junk bond divergence
PE levels back to 1929
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Houses NEVER more expensive
Presently, the median stock in the S&P 500 is more overvalued than at any point in U.S. history, easily exceeding...
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Internet firm acquisitions typically turn out to be duds.
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Male labor force participation
VIX is unprecedentedly low for an election year
Corporate profit plunge
Equities are actually considered safer than bonds now. Freaky.
Topping pattern on the NASDAQ
Secular bear market markers
Fear and Greed over the past couple of years
A beauty of a chart aligning margin debt with stock peaks
Diagramming the central bank interference with free markets
$NYSI is now most overbought since spring of 2014:
The long term moving averages suggest that anyone holding on to stocks is certifiably insane.
Analog time from the beartard
Barrels of oil per ounce of gold
The millionth chart showing how we are repeating what happened in 2000 and 2008 Sort of like an 8 year cycle, ain't it?
Stocks are more overpriced than they EVER HAVE BEEN, including 2000.
Current sell-off versus prior bear markets
This Is The Dow's Worst Start To The Year... Ever
Now THIS is a bear market - - the Cyprus stock market, having lost about 99.99% of its value since its peak.
History about to repeat itself again.
Equal weighted stock index will lead the way lower for the deluded S&P 500