Everyone can see and feel that this is different and can sense the bizarre nature of the market response: we are in the top 10% of historical price earnings ratios for the S&P on prior earnings and simultaneously are …
Let’s flashback to March 2000 when the Dot.com Bubble topped. The NASDAQ closed above 5,000 twice – Thursday 3/9 and Friday 3/10. And that was it. Today, the NASDAQ closed above 10,000 for the first time. Because of human psychology,…
“Tops are a process; bottoms are an event.” —Source unknown I started Top Gun in 2006 to capitalize on my conviction that the bursting housing bubble would cause a nasty recession. 2006 was spent creating my website, studying and taking…
The consensus view is that this crisis is all about the coronavirus. Once the coronavirus is contained, markets will bottom, if they haven’t already, and we’ll rally into year end, eventually making new highs as the bull market resumes. One…
The more I think about, the more inclined I am to think that we are heading for Civilization Breakdown, due to the collapse of the dollar as a medium of exchange, like Germany in the early 1920s, as opposed to…
Sent to Client Note List members Wednesday 3/18/20 at 8:35pm PST: 14 months ago (Jan 2019) in my Client Note “The Everything Bubble And The Second Great Depression” (https://www.topgunfp.com/the-everything-bubble-and-the-second-great-depression/), I laid out my case for what I saw as an…
NOTE: Every week or two I wrote a Client Note for my clients. I post most but not all of the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the…
NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
NOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…