Citi panic/euphoria index goes off the chart

And this is what the beginning of a bubble looks like. When they say… ignore the bubble… it's different this time. Those 4 words are uttered at EVERY top! And they come out of the mouths of "pros." pic.twitter.com/caffnw0Oix

— Mark Minervini (@markminervini) February 17, 2021

Tesla has made ~$700,000,000 from purchasing #Bitcoin. If they sell, they will make more profit than they have from any year of selling cars.

— Chairman (@WSBChairman) February 17, 2021

I keep thinking about the gloomy financial stability risk paragraph from the Fed's minutes.

*Risks "notable"
*Asset prices "elevated"
*Hh/Biz debt vulnerability "notable"https://t.co/pp5aFMuTa6 pic.twitter.com/4Ees2pqmWo

— Jeanna Smialek (@jeannasmialek) February 17, 2021

At current levels, commodity prices will have priced-in an ISM Prices Paid Index >90 by the end of Q1.

>90 has only happened 2X:

-June & July 2008

Back then, commodities fell 53% over the next 6 months.

ISM New Orders minus Inventories peaked 6M ago.

Prices usually follow. pic.twitter.com/z2UVPahyZb

— Julien Bittel, CFA (@BittelJulien) February 18, 2021

https://twitter.com/NorthmanTrader/status/1362385228963135491

h/t SpontaneousDisorder