Market is ignoring all kinds of warning signs. The lack of volume at a new high, lots of insider selling, low equity put call ratios, and overbought readings here and there. Retail is getting into this market and that's what I've been waiting for to get more interested in the short side. It doesn't mean we top soon, but it makes us more vulnerable to selloffs now that Joe Schmo is interested in buying stocks again.
Everyone knows about commodities and inflation, so hedge funds are likely to be all in on the commodities trade. As for stocks, they are nearly all in. I am still looking at March for the big drop of 5-6%.
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1 comment:
only thing that is against bears is everyone is expecting a pullback
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