With more than a handful of general indicators already suggesting “a top” – it’s important for investors to understand what “exactly” is happening. And I don’t mean with the “price” of U.S stocks” – I mean with investor sentiment and physcology.
You don’t really want to hear this from me….(not here…not now – with your neighbor and half the guys you know down at the pub all “ranting n raving” about how much money they’re making in the market) as the temptation to “jump in with reckless abandon” is near impossible to resist.
They “say” they’ve been making money but the sad fact is…..mindless bulls are now dropping like flies, with nothing more to go on that “the Fed’s got your back”. Hot shot stock traders caught flat footed, completely oblivious to the movements in currency markets are “feeling some serious pain” as “the grind across the top” takes no prisoners.
It won’t be long now, as everything I track “other” than the misguided euphoria playing out in U.S equities already has me on the move.
If you “don’t know” what I’m looking at by now “from a currency perspective” – I encourage you to give it a shot. It’s all here.
What do I see – that perhaps you don’t?