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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Société Générale strategist Albert Edwards warns 'maximum greed never ends well' in a new report. Edwards, who predicted the dot-com crash, highlights the mounting concerns from strategists. He shares the 6 charts and signals he's watching that indicate the potential risk of a correction. The bulls are continuing to run rampant in the markets. On Thursday, the S&P 500 hit another record high close bolstered by strong technology earnings.  Now, with the Federal Reserveonce again stating its commitment to keep interest rates low and provide ...

Hotel rates on the rise as travel demand ticks up (SPY flat +0.03%). Stocks making the biggest moves midday: Shopify, Spotify, Enphase Energy. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Canadas Oil Sands In Trouble As COVID Cases Soar The northern parts of Canadas province of Alberta have seen rising coronavirus cases in recen...

Let me explain. In  “Do You Feel Lucky,” Michael Lebowitz compiled a series of valuation metrics and their correlation to future returns. To wit: “The average of the 10-year expected returns from the four gauges is -0.75%. When the Fed backs off, whether by its design or due to inflation, slower economic growth, or massive debt overhead, rich valuations will matter.” The mistake many investors make is assuming that such means every year, over the next decade, returns will be near zero. As we will discuss, it is not every year, but one or two awful years, impacting the whole.

Specifically, I stated: “The market is trading well into 3-standard deviations above the 50-dma, and is overbought by just about every measure.  Such suggests a short-term “cooling-off” period is likely. With the weekly “buy signals” intact, the markets should hold above key support levels during the next consolidation phase.”   As shown above, that is what is currently occurring. While the market remains in a very tight range, the  “money flow” sell signal  (histogram) are rapidly declining on rallies which is a concern. While it is confusing to have contradicting “ b...