S&P 500 Most Overbought Since 1983

(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)

(“S&P 500 More Than 20% Above Its 200-DMA; First Time Since 5/83”, BeSpoke Investment Group, September 16)
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
The market could be pretty crazy next week. I’m not sure how much posting I’ll do. I’m putting up this week’s Client Note on the blog as a bonus: Top Gun FP Client Note: Worst Week Ever (10.12.08).
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Retailers reported supposedly strong May sales this morning. But I don’t know that they were really all that strong. Discounters like Walmart and Costco were strong. But department stores and speciality retailers weren’t all that strong. To me, it continues…
On December 31st I wrote a post titled “CDSs: What Everybody Will Be Talking About In 2008”. As I explained in that post, a CDS is essentially an insurance policy against the default of a bond. An investor might buy…
Last week, two prominent commentators came out with bullish pieces. I was anxious to read them to measure the bullish case, but in the end I was unpersuaded. ***** The first piece was from Princeton Economist, and former Vice Chairman…