Tag Archives: euphoria

A Funny Thing Happened on the Way to Market Complacency / Euphoria

A relatively reliable measure of complacency/euphoria in the stock market just hit levels last seen in late January, just before stocks reversed in a massive meltdown, surprising all the complacent/euphoric Bulls. The measure is the put-call ratio in equities. Since this … Continue reading

Posted in General | Tagged , , , , , | Leave a comment

About That “S&P 500 Will Be 2,150 by Christmas” Call….

So this megaphone playing out again is just plain crazy. Back on October 13, when the stock market was in free-fall, I prepared this chart showing a potential megaphone pattern. With major indicators (such as the MACD and stochastics) looking decidedly … Continue reading

Posted in General | Tagged , , , | Leave a comment