Stock prices remain extended versus liquidity beyond any extreme seen since the 2000 internet/tech bubble peak. But that alone isn’t enough for a sell signal. Liquidity is still growing. There’s nothing to stop it from continuing to grow. And there is nothing to stop valuation, which is nothing more than a measure of long-term market sentiment, from getting even more extreme for the foreseeable future. Non-subscribers, click here for access.
Subscribers, click here to download the report.
Indeed, when sentiment turns, this is unlikely to result in merely a garden variety correction. The greater likelihood is a great bear market, with a crash or two along the way. But we aren’t there yet. Non-subscribers, click here for access.
In addition, the re-imposition of the debt limit on January 2 will likely result in the political Kabuki theater that typically accompanies these episodes. This report shows what that means for the timing of the next stock market top. And it explains what the likely result will be, and when to expect it.
KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality!
