Keith McCullough

Research Edge's Sector View: Nearly a Perfect Peak

Given your mathematical background, I'm assuming there is some math behind your view. If so, on what basis are stocks not overbought. Also, on what basis were they overbought in the 80s and 90s. That was a failry lengthy period with many opportunities to trade over bought and under bought positions in the market on various durations.


On May 06 09:37 AM Cetin Hakimoglu wrote:

> I'm not worried whatsoever about stocks being overbought, which us
> why I have no plans to sell my stocks. Stocks were overbought in
> the 80's and 90's. Only until 2000 did they finally correct. Another
> great day.
>
> ----------------------...
> At this point the MEGA squeeze has found its crescendo! The S&P
> 500 is overbought; but remains positive TRADE and TREND (815). The
> dollar index was down yesterday, finishing down 0.70%. This helped
> to reflate commodity and commodity related stocks. The Banks were
> a bright spot on the day, with more of a focus on profitability,
> including Warren Buffett's comments on Wells Fargo (seekingalpha.com/symbo...).