Robin Hooders are buying the dip. No fear #putcallratio pic.twitter.com/B57W7YKrde
— Gianluca De Stefano (@Theimmigrant84) September 14, 2020
Largest intraday decline in the equity put/call ratio today since March 13th. A good indication that there is no fear with respect to the recent correction. Those Robinhood accounts are back buying the dip. pic.twitter.com/XxR0aj3KJC
— David Rosenberg (@EconguyRosie) September 14, 2020
The trailing 12-month P/E ratio for $SPX of 27.2 is well above the 5-year average (20.3) and well above the 10-year average (17.9). t.co/aw2scwg6G6 pic.twitter.com/BxlCznumS0
— FactSet (@FactSet) September 13, 2020
Sane people would ask the Fed how intelligent it is to begin a recovery at bubble level valuation levels during the greatest crash since '29
H/T @FactSet @ericrosengren @RobSKaplan @raphaelbostic @marydalyecon @judyshel @neelkashkari @steveliesman @NickTimiraos @jeannasmialek pic.twitter.com/e5iaY8gQgE— M/I_Investments (@MI_Investments) September 13, 2020
This US stock bubble could rank among the biggest in history [FT]
Covid Market Turmoil Raises Questions About Central Bank Liquidity Strategy
Market turmoil due to coronavirus lockdowns in March raises questions about whether central banks should offer access to liquidity more widely in future shocks, the Bank for International Settlements (BIS) said on Monday.