To compliment what DE said earlier...
If only there were signs that the market was poised for a crash. Oh wait, there were, like the market being the most overbought and complacent ever, with every investor all-in as recently as last month:
Institutions, Retail And Algos Are Now All-In, Just As Buybacks Tumble
... only to become even more overbought and even more complacent, with investors even more all-in...
Never Before Seen Market Complacency, As Everyone Goes Even More "All In"
... with record leverage and unprecedented "smart money" concentration in the same handful of stocks:
Hedge Funds Have Never Been More Levered Or More Invested In The Same Handful Of Stocks
... and since nothing could dent the relentless Nasdaq ascent, even as Apple cut guidance due to the coronavirus...
Apple Cuts Guidance Due To Virus Disruptions
... retail investors unleashed a never-before seen buying spree, and not just momentum stocks, but calls of momentum stocks...
Frenzied Retail Traders Send Option Volumes To All Time High; Go All-In Tesla, Tech Calls
... to the point where retail investors' record levered beta helped them outperform the entire hedge fund class!
Bizarro Market: Retail Investors Are Now Crushing Hedge Funds
... and ushered in the "Profane, Greedy Traders of Reddit" who "Are Shaking Up the Stock Market" even as US consumers just reported the highest median current value of their market investments.
http://feedproxy.google.com/~r/zerohedge/feed/~3/5idNtAj3vaM/we-just-experienced-fastest-10-correction-sp500-history
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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