OIL @ 120, wars, nuclear problems, depression, unemployment, etc, etc and markets afloat... BTFD mentality is on the street and fed will save the day too... This market is more danger then ever and it always fail, always did. So be carefull by this point because thing will be nasty.
Extremely Overbought Equity Indices That Were Probably Looking For Reason
To Sell Off Find One In Last Week’s Spike In Long Rates
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An extremely overbought equity market used a spike in long rates as an
excuse to lock in profit last week. Maximum complacency is evident in
equity options...
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