Heineken-Ashi said:
LMCane said:
flashplayer said:
Fear greed index flashing near extreme fear. Last time it did this looks to have been December before we went higher into the February selloff and then into April's liberation day low. Do we still get a breather bounce and chance to liquidate before everything goes on sell for some potential huge gains?
My gut says we have another down day tomorrow then everyone realizes over the weekend that the world isn't ending and we surge back to ATH next week as earnings continue to show strength.
But then again, bitcoin seems like it has been serving as kind of a canary lately and it's up 1% tonight, so maybe it's the opposite of what I think.
every "expert" financial host keeps trying to force an economic depression with comparisons to 1999
but then every single actual metric shows there is fear and trepidation about this market and NOT irrational exuberance!
the valuations are coming due to reporting companies beating on the top and bottom line, not because PETS.COM just was offered a billion dollar IPO.
Go look at what earnings were doing in 1999 and even into 2000 for "stable" companies.
Fundamentals are not going to be what tells you a bull market is ending. They lag at bottoms and lag at tops.
Especially considering the circular nature of the AI companies. Its a feedback loop for OpenAI, NVDA, CRWV, MSFT, etc are acting as customers, suppliers, and financiers to one another all at the same time. Someone can post the graphic from Bloomberg
Healthcare spending is probably going to increase into the new year. Clearly there's a government push into increased defense and protectionism surrounding materials and certain commodities.
Its not obvious consumer spending is going to decrease especially with Oil prices dropping. 50% of consumer spending is derived from the top 10% of earners and those top 10% of earners are richer day by day with increases in Gold, RE, and the S&P. (All thanks to increasing M2*)
* this last bit was for you H-A
edit: this is the graphic for those that have not seen it