ljsquid's  Instablog

Send Message
For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
My company:
Longs, Shorts, and Mini-Skirts
  • Another Sign Of A Bubble Forming 0 comments
    Oct 16, 2013 10:31 PM | about stocks: SPY, QQQ, SPXL, SPXS

    The government released the Flow of Funds report for the 2nd Quarter, which showed that people have 26.9% of their wealth in stocks. This is just short of the 5 year high reached in 2008 which was the highest seen since 2001's 28%. (At the market peak in 1999, Americans had 36% in stocks.) The AAII Asset Allocation Survey of AAII members parallels and confirms these numbers. Thus, we are at an alarming but not dangerous level. We might see the danger level of 29%. I would place the danger alarm 2% up from here at 1730 for the S&P 500 and 3850 on the NASDAQ. Meanwhile, houses were 21% of individual wealth on June 30, which is low. Houses are a better investment than stocks at this point.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I own my house.

    Stocks: SPY, QQQ, SPXL, SPXS
Back To ljsquid's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.