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Soaring margin debt (and plunging cash balances)
trigger a sell signal
at BAML, which says the last time this big a move happend was April 2010 - just ahead of a 2-month, 16% decline in
. Alongside this is short-term sentiment which has risen to levels consistent with selloffs in the past.
View news story
Good comments everyone. Studied the steepness of this run. Looked at 1/2% corrections and 3% corrections --- in the best market run ever (06/07)--- there were more. Unfortunately folks, this market is going down. There is no way a technician can say, this economy is better than the 2006/2007 (the false one). There were more 1/2% and 3% corrections during that run This one is too steep. Again, that was the best (false) market in history. Remember, nothing was wrong in the world in 2006/2007 but there were 1/2% and 3% check ups. This one....2013 no check ups. Going down soon folks. Goldman is running the show picking 1600 and 1700 this year. Getting everyone on board and pulling the cord. Then saying they "no one would have predicted Japan and China have serious issues over that small island. That will be the stupid story that will bring it down.....or something just as lame. Goldman always has excuses. I love the one about, we need to pull back to go forward. That's junk. The market has never done that yet. Please prove the pullback allows the market to move higher..... better yet, show me the chart but, you need to show me the "news" stories at the time. It is the "rumors" that bring it down and the pump that starts it again. Not, responsible analytical trading.
Mar 13, 2013. 05:10 AM
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