Magical Nonstop Rally Evokes Peak of Dotcom #Bubble – Bloomberg
*Another great piece from @johnauthers
*Nice quote from @ForexLive
*Link: https://t.co/EYqXlUP7BW pic.twitter.com/fyOiivuJ8a— Christophe Barraud (@C_Barraud) September 3, 2020
Corporate #zombies: Anatomy and life cycle – BIS
*HT @tracyalloway
*Link: https://t.co/YqzrDMGVpk pic.twitter.com/dBHCAREDvf— Christophe Barraud (@C_Barraud) September 3, 2020
As toppy as it gets.
Financial conditions are flashing warning signal for stocks.
Lowest level since the peak of the tech bubble.
Prior lows also preceded or coincided with key market tops.
Tech bust, GFC, EM crash and Volmageddon. pic.twitter.com/JHuY8Sb5Cd
— Otavio (Tavi) Costa (@TaviCosta) September 3, 2020
This is the highest VIX ever at an all time high in the S&P pic.twitter.com/IIzTgtN1YB
— zerohedge (@zerohedge) September 2, 2020
A near-record % of NASDAQ 100 stocks are overbought (RSI > 70).
In the past, this ALWAYS led to a stock market pullback over the next 2 weeks.
Looking at the past few years more closely, this occurred near the market's top in January 2018 & January 2020 pic.twitter.com/tPgSsfDsJh
— SentimenTrader (@sentimentrader) September 3, 2020