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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (17118)

7/21/2015 11:47:25 PM

From: Fintas

Respond to of 33421

I was just looking at the bp spx indicators and I didn't see anything that would disagree with this below.

Thanks for the info.

No wonder then that according to the latest BofA Merrill Lynch Global Fund Manager Survey, cash levels jumped to 5.5 percent, the highest since December 2008 and prior to that, 2001. The investment pros are battening down the hatches

To: John Pitera who wrote (17118)	7/22/2015 10:41:44 AM
From: The Ox	4 Recommendations Recommended By bull_dozer isopatch mary-ally-smith sixty2nds Read Replies (2) \| Respond to of 33421

As long as the major banks can borrow for nothing and invest that same money, it's understandable that the stock market will go up and that the "best of breed" companies will see massive over valuations. There are few restrictions put on the banks with the exception of ever increasing "stress test" variables. As long as these banks stay in front of the test factors, they can pretty much borrow without any worries. I would say once they decide that they've taken the market way beyond the point of excess, then and only then will they turn around and short this thing into the depths.