Percentage of NYSE stocks on weekly momentum buy signals peaked in May of ’03 and stands lower now even though the index is at higher levels.
% NYSE Weekly MACD Buy (Stocks Only)
This suggests we are pretty far along in the cycle, and that this is a higher risk buying juncture than at MACD lows . . .
We’re the Fed. We Screwed Up. We’ll Change
Grumpiest bears still unimpressed
Labor Market and the Manic-depressive economy
Nasdaq leading cyclical bull market
Sucker Punch Coming
Need a New Barometer for Stocks? Try the Price of Oil
Quote of the day
“All economic movements by their very nature are motivated by crowd psychology . . . Without due recognition of crowd thinking (which often seems crowd-madness) our theories of economics leave much to be desired.”
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.