Markets beyond overbought. Markets beyond stretched and extended. Retail investors plowing in at numbers haven’t ever seen. Valuations upper end of historical levels. Sentiment off the charts bullish. The good news is that getting this overbought tells you how strong things have been. We just worry about climactic action as it is great while it goes up but very painful when it goes down. Not sure we are climactic just yet…
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- PRE MARKETMay 25, 2018 - 8:23 am
OIL/ENERGY big story. Our theme that it was putting in a near term top is playing out. Just got very stretched and extended. Futures flat to down as we head into holiday weekend. Do remember why we have this holiday. FL, DECK gapping up…Going to watch NTNX, SPLK, ADSK, VEEV as all down on numbers […]
- RADIO SHOW 5/24May 24, 2018 - 8:28 pm
- SEATTLE CONTINUES TO DISRESPECT THE TAXPAYERMay 24, 2018 - 9:43 am