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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: jrhana who wrote (21449)11/7/2004 9:20:58 AM
From: russwinter  Read Replies (8) of 110194
 
Draw your own conclusions I suppose, but I see it as terminal. Bulls are playing for 5% upside, while downside risk is 50-70%.

10 day NYSE closing tick set a record high this week, surpassing even the mania.

Market Vane's Bullish sentiment is at 71. The last time it reached that was 6 years ago on 11/27/98!

VIX near all time low, complacency rules supreme, it's like everybody and their brother was willing to play the Bush victory rally. Is investing really that easy?
finance.yahoo.com^VIX&t=5y

Seems almost exclusively a hedge fund future driven and short covering driven ramp rally, combined with excessive and rather extraordinary pre-election money printing.
Message 20741226
Real demand (fund inflows, etc) is slack,
Message 20734203
supply (IPOs, GOOG lockup ends, treasury fundings) on the increase.

Early warning signs in highflyers, fortunately I managed to get a piece of this down action;
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G

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