About to crash? Similar patterns – today and 1987.
by SpontaneousDisorder https://www.bloomberg.com/news/articles/2018-02-20/buy-the-dip-isn-t-dead-in-fact-it-s-just-getting-stronger This behavior is more evidence of a larger “short volatility” trade that imploded with recent drop. Bloomberg presents this as a strong fundamental, but the best fundamentals occur at tops. Whilst corporations buy the dip they are followers of the larger trends. https://www.financialsense.com/sites/default/files/users/u4844/images/2017/citi-buybacks.png Funny. John Hussman tweeted a 1987 comparison. Never a fan … Read more