- Margin debt is at $299 billion which is pre-September 2008 levels. NYSE net cash balances are negative $35 billion.
- The VIX and put/call ratios point to a market that is not well insured.
- Short interest is at levels not seen since 2007. The shorts will not provide much support for the market.
Investing is not only about preparing for the most likely scenario, but preparing for all possible scenarios. Few are prepared for anything to go wrong.
3 comments:
Come on Tsachy, your sounding like sour grapes everyday now. A little bitter for the bulls making money?
There are plenty of pundits that think the market will be flat at best next year. Your buddy Doug Kass comes to mind.
And I think, everyday, the bulls have their finger on the sell button, but until the trend changes...
Hey, here's a shout out to all the bulls with the rocks to stay long this market. Congrats.
Here...
http://etfdailynews.com/blog/2010/12/26/the-bear-will-return-in-2011-tza-dxd-sds-faz-skf-drv-spy-vxx-tna-fas/
take the other side of my trade if you think I'm sour grapes.
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