Cory's Insights – Tue 18 Mar, 2014

Will The Last Bear Please Turn Out The Lights

An interesting look at the markets by focusing on IPOs and margin debt. The chart below is a telling sign that there are valuations being put on companies that make very financial sense.

IPOs with negative earnings

I will leave you with this paragraph from the post…

“The VIX volatility index has been bouncing around near the bottom of its historic range. Stock market leverage, as measured by margin debt, has been setting records month after month, while the volume on the New York Stock Exchange has been declining since the last crash and now languishes at lows not seen this millennium. And the percentage of stock market bears in the Investor Intelligence Sentiment survey is hovering at around 15%, the lowest since early 1987, a few months before the epic crash when “portfolio insurance,” invented, engineered, and provided by the geniuses on Wall Street, had once and for all eliminated the risks in the stock market.”

Click here to read the post.


Comments:
  1. On March 18, 2014 at 10:34 am,
    Birdman says:

    Weird….it’s looking like 2000 all over again.