Markets Aren't Currently Euphoric, They're Manic. Stocks Could Reverse At Any Moment

euphoria

English

Noun

(en-noun)

  • An excited state of joy, a good feeling, a state of intense happiness.

mania

English

(wikipedia)

Noun

(en-noun)

  • Violent derangement of mind; madness; insanity.
  • Excessive or unreasonable desire; insane passion affecting one or many people; fanaticism.

wikidiff.com/euphoria/mania
twitter.com/NorthmanTrader/status/957618421985939457
 
DON’T GET USED TO THIS MELT-UP: STOCKS COULD REVERSE AT ANY MOMENT
Summary

  • The stock melt-up is accelerating, the S&P 500 has surged by 25% over the last year, and has shot up by 8% in the last month alone.
  • Despite the stellar gains, evident cracks underneath the stock market’s surface are starting to emerge.
  • Many market participants don’t want to buy U.S. bonds anymore, and for good reason considering the low yield and the crashing U.S. dollar.
  • The VIX is also higher, up by as much as 33% year to date in recent days, suggesting investors are increasingly worried about the state of the stock market.
  • The bottom line: protect your portfolio, especially in the sort-term, and be prepared to buy the dip, unless a bear market comes along.

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