You have to look back at key months where market internals were declining while everything seemed to be fine. May 2007. July 2015. May 2011. The signs are always pretty evident. Right now there is nothing really. The NYA200 has dropped about 10% in the past week, but its still above 60. Summation index is dropping but it is still in positive territory. Oil and retail are a bit weak but nothing really jumps out. If we do get a selloff it will be instantly bought back up. But in that process, market internals will break down and then things will get interesting. But right now it is just boring old BTFATH with freshly printed fiat.
Anon
June 22, 2017 5:48 pm
Wait until the Fed actually begins to trim the balance sheet…..not just jawbone it. I suspect those market internals are going to hit the stop and reverse gear pretty fast.
That happened last week not far from where I live….
#mourntheseals
Crushing it with Krishna,
RiNS
too bad you ain’t the seal rinzie–
Geeze Tampa
a bit harsh… tough crowd..
my feelings are still hurt over the polar bear migration you posted-
So it seems.
What can I do to make it up to you Red?
Maybe I should write another piece about the fearsome and much maligned Jackalopes that have been seen running rampant in these parts recently.
[img/revision/latest?cb=20140618032154[/img]
I am going to cottage on shore. Will try to get video of the elusive beast. Highly dangerous so wish me luck.
Those pics will be authenticated by the Mounties,correct?
Enjoy the beach.
Amazon vs UPS article.
Shoulda’ picked a bigger piece of ice.
You have to look back at key months where market internals were declining while everything seemed to be fine. May 2007. July 2015. May 2011. The signs are always pretty evident. Right now there is nothing really. The NYA200 has dropped about 10% in the past week, but its still above 60. Summation index is dropping but it is still in positive territory. Oil and retail are a bit weak but nothing really jumps out. If we do get a selloff it will be instantly bought back up. But in that process, market internals will break down and then things will get interesting. But right now it is just boring old BTFATH with freshly printed fiat.
Wait until the Fed actually begins to trim the balance sheet…..not just jawbone it. I suspect those market internals are going to hit the stop and reverse gear pretty fast.