Complacency can breed arrogance. “The Market can never er go downs now”, “Don’t fight it”, “I don’t see us reversing anytime soon”…. etc., What better indicator do you want? A dump is coming. Be ready

Complacency can breed arrogance.@DiMartinoBooth @paranoidbull

"I think that there’s a lot of complacency on what liquidity can accomplish when it comes to fixing solvency-related and asset valuation-related excesses.”https://t.co/8HvDN7B4Xb

— Markets-like people-should be free-TQN-👑 (@TechQn) June 3, 2020

https://twitter.com/asymmetricalpha/status/1268198373854785541

2020:

-US & Iran on the brink of a war
-Virus outbreak
-Recession starts
-Oil prices go negative
-40M people unemployed
-Fed prints record amounts
-Government borrows record amounts
-US & China relations heat up
-Riots everywhere

And stocks are record overvalued.

Adding up? pic.twitter.com/HOuVDfzLb8

— Otavio (Tavi) Costa (@TaviCosta) May 31, 2020

The @CNNBusiness Fear & Greed Index is now 60. Greed territory and inching closer (amazingly enough) to Extreme Greed levels. How much longer can the market rally in the face of bad socioeconomic news? Not to mention Covid-19? My story from Monday ICYMI. https://t.co/MH1Nd4R7SN

— Paul R. La Monica (@LaMonicaBuzz) June 3, 2020

Hedge funds are coming up with creative incentives to attract investors amid accelerating outflows. This one is offering insurance against losses in return for paying managers a higher performance fee: https://t.co/G8ybz0k51d pic.twitter.com/A394OjCk1e

— Lisa Abramowicz (@lisaabramowicz1) June 3, 2020

Unemployment rates by metro areas in April:

33.5% Las Vegas
24.4% Detroit
23.1% Cleveland
18.8% L.A.
17.5% Chicago
16.7% Seattle
16.2% Orlando
15.4% Boston
15.1% NYC
14.5% Philly
13.2% San Fran
13.2% Miami
12.8% Dallas
12.7% Atlanta
9.2% Minneapolishttps://t.co/6L93lMPOqA pic.twitter.com/4WA0CnjphY

— Sam Ro 📈 (@SamRo) June 3, 2020