Tuesday March 14 2017
Dave Rosenberg lists ten reasons to worry over market valuation.
John Hussman says the overvalation is worse than 19529 or 2000 or 2007.
Short Russell Fund
this fund rises in price as the Russell 000 falls. It has reversed course.
Transports
Transports topped in early March and have reversed course to the downside.
Crude OIl is Leading the Rest to the Downside
Apache
The sell off in oil has brought stocks like Apache to important tests of support. Breaking 50 on a weekly basis will be extremely negative.
Energy Service
Same here, an important test at 17 lies ahead.
My micro economics teacher at UT Austin said he could explain economics but could not explain what politicians are liable to do or say.
I and everyone else expects Janet Yellen to raise her rate tomorrow or thursday which means she is following not leading the market.
How stocks will react I cannot know.
But it appears this is more than a mere correction.
We suspect this is THE TOP of the bull market since March 2009.
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