Tuesday 26th November 2013
The charts below have turned me bearish. So I've shorted the major US indices.
Valuations close to decade highs
|S&P forward P/E approaching 10 year highs|
Investor sentiment turning down
|AAII US Investor Sentiment Bull to Bear ratio compared to S&P|
Pitiful volume throughout the latest bull market and getting worse
|Prior bull markets and associated volume|
VIX index at lows - is the market complacent?
|VIX Index at lows|
|AUDUSD compared to S&P - decoupled|
What is going on in China???
|Chinese BBB 5 Year Corp Credit Yield|
World GDP forecasts cratering while market at all-time highs
|World GDP consensus forecasts, %YOY compared to S&P|
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