Tag Archives: extremes

How Much More Extreme Can Markets Get?

These charts help us understand that a top is not just price, but a reversal in extremes of margin debt, valuation and sentiment. In blow-off tops, extremes of valuation, complacency and margin debt can always shoot beyond previous extremes to … Continue reading

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In Uncharted Waters

What I see as extremes that must necessarily end badly, others see as mere extensions of recently successful policies and trends. A long-time reader recently chastised me for using too many maybe’s in my forecasts. The criticism is valid, as “on the other … Continue reading

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