The Collapse Of Momentum Stocks Is An Ominous Change
The guys over at Comstock Partners think that the fall in high flying momentum stocks like Yelp, Tesla, and Netflix are a sign of major weakness in the markets. They also bring up the fact the margin debt is at all time highs and bearish sentiment is at all time lows. I agree these are all signs of a market top but there is no telling how long the Fed and markets can stay propped up.
Discussion
3 Comments
Apr 11, 2014 11:06 AM
Apr 11, 2014 11:14 AM
BUY G&S…PHYISICAL ONLY.
Apr 11, 2014 11:45 AM
Well the author has a point. My belief is that the market is going up next week as if nothing happened and that gold will fall but there is always the possibility that what I see happening to gold is also going to happen to the markets overall. In other words, everything goes down.
They are now called NO Mentum stocks….where is all that cash going?….NOT Gold and Silver or its miners