@hussmanjp Majority (according to BofA) thinks we are in a late stage bull or in a bubble. So, guess they are aware. The problem is there's no timing tool for this kind of greedy psychology trying to sqeeze every possible index point till the top no matter the exponentially increasing risk.
@hussmanjp It seems the probability of a top beeing in or beeing away for another 3 months is pretty much the same.
Actually, if we consider today's SPAC mania to be comparable to '00s tech mania, and compare the movement of SPAC index to NDX, topping could take another 3 months or so...
Actually, if we consider today's SPAC mania to be comparable to '00s tech mania, and compare the movement of SPAC index to NDX, topping could take another 3 months or so...
@hussmanjp Like #NDX topped earlier in 00 than the #SPX, #SPACs could top earlier than $NDX today, with 2nd leg in SPACS being the real deal on major indices.
Recent absorption of institutional selling by retail and yesterday's strong relative up volume make me consider adjusting timing
Recent absorption of institutional selling by retail and yesterday's strong relative up volume make me consider adjusting timing
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