We recorded this last week on Friday before the long weekend


Source: Yahoo Finance

Category: Media, Video

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.

3 Responses to ““Early warning signs” doesn’t mean the bull market is dead”

  1. Concerned Neighbour says:

    Barry, what are these “pullbacks” you refer to? Actually, I think I might have spotted an intraday pullback recently, but I couldn’t be bothered to get out my magnifying glass on the 30 second chart.

    I think we need to redefine a “correction” by an order of magnitude: 1% instead of 10%. That way it will once again be possible to feel like you’re getting a bargain.

    According to my figures, the trailing P/E on the S&P 500 is 19. That’s with ridiculously low borrowing costs, historically high profit margins, accounting shenanigans (banks get to mark to fantasy), poor tangible balance sheet metrics, and all the rest of it. I heard a talking head argue that the “markets” foundation was solid at these levels. I’m still laughing.

  2. Frilton Miedman says:

    Time to rotate the crops.

  3. Willy2 says:

    I love to see how you always seem to find a positive edge on something that could turn out to something nasty.