Tell me the last time extreme positive sentiment for anything ended well… pic.twitter.com/fbDq2v79HA
— Otavio (Tavi) Costa (@TaviCosta) October 19, 2020
U.S. Short Interest pic.twitter.com/n5VTTYDrks
— Win Smart, CFA (@WinfieldSmart) October 20, 2020
MarketWatch: ‘The Dot-Com Bubble on Steroids’
They conclude it's not as bad, but they are wrong, because corp earnings artificially juiced by 11 yrs of avg $1T/yr US deficits, $6T corp buybacks, 0% rates + $30T China credit@RobSKaplan @neelkashkari @RaphaelBostic @marydalyecon pic.twitter.com/onCrTHyiT9
— M/1_LP (@MI_Investments) October 20, 2020
FT: 'Fed Officials Call for Tougher Regulation to Prevent Asset Bubbles'
Look at the Fed chart of "core" Corp profits (in yellow) vs the historical Mkt charts (prior bubbles) #LBOUSA@RobSKaplan @neelkashkari @RaphaelBostic@marydalyecon @AWLehnert @SBloomRaskin @steveliesman pic.twitter.com/8jBumMMxg2
— M/1_LP (@MI_Investments) October 19, 2020
Equity put/call ratio (10-day moving average) only slightly above 9/2 low pic.twitter.com/oDMEEOjLkO
— Liz Ann Sonders (@LizAnnSonders) October 20, 2020