Dont Look !!! Its Ugly

6 באוג׳ 2014

All market peaks uniquely shared the same extreme overvalued, overbought, overbullish syndromes that have sustained even longer… speculative episodes don’t unwind slowly once risk perceptions change. The shift in risk perceptions is often accompanied by deteriorating market internals and widening credit spreads slightly before the major indices are in full retreat, but not always.”