Seeking Alpha

It may be time to get ready for a reversal on stocks, says Bespoke, noting the S&P 500's...

It may be time to get ready for a reversal on stocks, says Bespoke, noting the S&P 500's (SPY) 10-day advance/decline line has plunged to an extreme oversold reading - a curious move given the index itself remains above its 50-day moving average.
Comments (1)
  • There are two economies now, the monied and the non-monied. The market reflects the economy of the monied.

     

    The two economies once were economically tied to prosper together or suffer together. Now, the monied see their careers as taking a bigger slice of the pie, rather than increasing the size of the pie.

     

    Unless the pie grows, there is a limit (that may have already been almost reached) to growth of the monied's slice.
    6 Jun 2013, 08:47 AM Reply Like
DJIA (DIA) S&P 500 (SPY)