Tagged: stocks

Equities as percent household assets 2014 0

One more datapoint on the equity bubble

The latest Flow of Funds Report (link to pdf) shows that equities comprise a greater share of US household assets than at any point besides the height of the internet bubble. Of course, elevated...

RSI declining – final warning sign 1

RSI declining – final warning sign

This is a very expensive and overbought market which few participants believe can decline meaningfully. That alone is dangerous, but now we see signs of technical exhaustion, such as the downtrend in RSI on...

Market Top Developing, December 2013 0

Top developing

An overbought market that has kept the vast majority of investors and traders in the bull camp for several weeks is to be viewed with suspicion. When prices also begin to lose their upward...

Secular Bear Markets (red) since 1900. Source: Crestmont Research 2

Chart: Secular Bear Markets Since 1900

I like this chart, but I would change one thing: the bear that started in 1929 could extend clear through to 1948 due to inflation and multiple compression. Inflation (regular CPI) has reached double...

Gold stocks oversold underloved 0

Gold stocks oversold and underloved

Sentiment and price action are extreme. Combined, they make a very strong case for a rebound. Gold stocks are also very cheap relative to the broad indices, as well as gold itself (which is...

Feb-2013-NAAIM-weekly-survey 0

Active investment managers more bullish than ever

The average active manager is now leveraged long, according to NAAIM’s weekly survey: Sustained bullishness is bearish, especially once the market starts to trend sideways. We don’t yet have that choppy sideways action on...