Calling recent stock market action a "buying stampede" unlike anything he's seen in more than 50...


Calling recent stock market action a "buying stampede" unlike anything he's seen in more than 50 years of watching markets, Jeff Saut says the investors he talks to believe the rally is "artificially induced" and is set up for a crash. The big picture: QE remains, profits have risen along with stocks, the Advance/decline line has broken out to new highs - "there is nothing in the 'tea leaves' suggesting a repeat of double-digit declines" seen in the past 3 springs.

From other sites
Comments (15)
  • Joe2922
    , contributor
    Comments (488) | Send Message
     
    Obviously he can't read charts properly. ADX is declining, showing a weak uptrend, right at trendlines of 2000, 2007 tops at SPX 1600 and DOW 16000 not even close. SPX1600 might be all the bulls get, came very close and turned down:
    http://bit.ly/WpVqYk
    15 Apr 2013, 03:55 PM Reply Like
  • STOCK-ZAR
    , contributor
    Comments (3) | Send Message
     
    Can you tell me what you think about UVXY, DGAZ and FNMA I hold about 20K in these right now mostly DGAZ.
    16 Apr 2013, 06:52 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    well, if profits are so strong and everything is so great, Bernanke should hint at ending QEInfinity and see what Mr Market does....Bet it wouldn't be pretty.Therein lies the real picture
    15 Apr 2013, 03:56 PM Reply Like
  • LYogi
    , contributor
    Comments (3211) | Send Message
     
    The fruits of QE are beginning to show.

     

    High interest rates combined with a short money supply is what has constricted the growth of the economy.

     

    End of story.
    15 Apr 2013, 03:57 PM Reply Like
  • uli35
    , contributor
    Comments (36) | Send Message
     
    High Interest rates????????
    short money supply???????

     

    What are you talking about?
    15 Apr 2013, 06:09 PM Reply Like
  • LYogi
    , contributor
    Comments (3211) | Send Message
     
    I was talking about the mistakes of the past. The present QE combined with low interest rates is exactly what is needed to give every person a fair shot at succeeding in life.

     

    Hence I was agreeing with Saut's analysis that the market will not crash.
    15 Apr 2013, 06:18 PM Reply Like
  • mike mohr
    , contributor
    Comments (452) | Send Message
     
    "artificially induced" should read "artificially rigged"
    15 Apr 2013, 04:10 PM Reply Like
  • naples
    , contributor
    Comments (398) | Send Message
     
    jeff saut needs to put in more hours looking at charts. almost all the major cyclical groups are now below the 50dma. give a few more days and retail and consumer discretionary will be as well.
    15 Apr 2013, 04:11 PM Reply Like
  • Joe2922
    , contributor
    Comments (488) | Send Message
     
    People who don't know to read charts properly always say charts don't work. Weekly ADX told this in advance, and OEX week has a positive bias, maybe not this time. The Boston explosions exacerbated what was already underway, so hard to guess what rest of week brings. I would not be buying, that's for sure.
    15 Apr 2013, 06:01 PM Reply Like
  • Ron Jaenisch
    , contributor
    Comments (31) | Send Message
     
    Thank you for your market positive comments. This way it goes down in an orderly manner. Oh yes and by the way there is a report on CNN about this down move being part of a stock market crash. Well done and balanced.Tells what is likely to come next.

     

    http://bit.ly/12gmWwo
    15 Apr 2013, 04:44 PM Reply Like
  • Joe2922
    , contributor
    Comments (488) | Send Message
     
    Pretty cool stuff, but the video is weak, bad technology. Zig/Zag, not straight down, same as what I'm reading in the squigglies.
    15 Apr 2013, 06:09 PM Reply Like
  • rickmuller
    , contributor
    Comments (2) | Send Message
     
    If stocks decline 10% will margin calls be the catalyst to collapse the whole fascade ?
    15 Apr 2013, 04:53 PM Reply Like
  • uncensored patriot
    , contributor
    Comments (61) | Send Message
     
    LOL. Nothing to indicate double digit declines in the market? The American people and the American people are finacially weaker as a nation than we were in 2007. Only the pariahs profited from the collapse and they are setting up another one to reek more havoc and transfer more wealth into fewer and fewer hands.
    15 Apr 2013, 04:53 PM Reply Like
  • Hendershott
    , contributor
    Comments (1842) | Send Message
     
    Corporate profits are terrific, the consumers aren't getting any income. Something has to give eventually.
    15 Apr 2013, 05:11 PM Reply Like
  • STOCK-ZAR
    , contributor
    Comments (3) | Send Message
     
    Do you think UVXY and DGAZ are good buys right now?
    16 Apr 2013, 06:35 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs