$ARKK vs dotcom bubble: This chart simply continues to be amazing. Human nature does not change, only the bubbles change.

$ARKK vs dotcom bubble 👇 This chart simply continues to be amazing. Human nature does not change, only the bubbles change. Ht @t1alpha pic.twitter.com/bbc7KBpRNp

— Michael A. Arouet (@MichaelAArouet) July 19, 2022

Nasdaq earnings yield – 5yr tip. NASDAQ now more expensive vs. 5-yr tip than before the sell-off pic.twitter.com/qJiqrAIHdD

— Michael J. Kramer (@MichaelMOTTCM) July 19, 2022

Very short/negative positioning is a often a great longer term contrarian signal, but it isn't the best timing tool. For example, today's BofA Fund Manager survey showed lowest allocation to stocks since Oct 2008, but the S&P didn't bottom until 5 months later and ~30% lower… pic.twitter.com/ECclIVVwAF

— Cameron Dawson (@CameronDawson) July 19, 2022

The last time we saw the S&P 500 cross above the 50-day MA with less than 20% of stocks above the 200-day MA was at the end of 2008 and after the low in 2009. pic.twitter.com/ZXbNKcPKN0

— Andrew Thrasher, CMT (@AndrewThrasher) July 20, 2022

Well that's quite some risk aversion… pic.twitter.com/E8juBeXJXO

— Ronnie Stoeferle (@RonStoeferle) July 19, 2022