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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (10231)	8/21/2020 2:57:10 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 26439

I don't think a crash is in the works. But I do think that a lost decade such as most of the 1930s is quite possible.

To: Kirk © who wrote (10231)	8/23/2020 11:57:04 AM
From: Winfastorlose	1 Recommendation Recommended By Kirk © Read Replies (2) \| Respond to of 26439

I have been talking about this for the past month or so and now it is at an extreme. "Horrendous" Market Breadth "Stinks To High Heaven", Screams Imminent Risk-Off While we previously discussed the unprecedented market cap concentration of just a handful of companies (spoiler alert: it's the FAAMGs with AAPL surpassing the $2 trillion barrier last week, and then adding a quick $100 billion in market cap on Friday on no news and merely due to a surge in call buying ahead of Monday's stock split record date, which pushed the stock within inches of $500/share) consider that all of last week's record highs in the S&P were set on negative breadth, meaning that there were more decliners than advancers. It gets better: as the traditionally bullish and cheerful Bloomberg commentator Andrew Cinko writes, "Friday was even more outlandish in terms of narrowness" as it wasn’t a market of stocks on Friday, but just one single stock that moved the market (guess which one): 87% of DJIA point gain came from Apple: (index +191pts vs AAPL’s contribution 167pts)*103% of S&P 500 increase (11.7 vs 12.0)148% of Nasdaq Composite (46.9 vs 69.7)105% of Nasdaq 100 (78.1 vs 81.8)*As Cinko explains, extending an analogy we first made last week... THe S&P500 is now the S&P5 pic.twitter.com/v7HJyNAJ8Y — zerohedge (@zerohedge) August 21, 2020