Not so long ago, companies that make recreational vehicles were great indicators of market tops. Since RVs were frequently the final pointless toy that people bought (after motorcycles, boats, and massive pickup trucks) in the debt orgy that defines late-stage credit bubbles, booming RV sales often presaged a stock market crash – which then sent […]
Marin Katusa: The World is Sleeping on Commodities – 4 Things to Watch Closely
Reprinted from Katusa Research: I’ve had people from all walks of life ask me questions on this sector in the last 2 months. And the number of questions, along with the number of people asking them, is astounding. “Have you bought Bitcoin, Ethereum, Doge, Cardano…?” These are people fixing my hot water tank, that work […]
What Happens When Everything Is A Story Stock?
On today’s Wall Street Journal home page, two articles appear side-by-side. One is about how a heretofore obscure, nearly-valueless cryptocurrency called dogecoin, originally created as a joke, has soared to the point of being consequential for large sections of the investing public. And it’s not unique: Dogecoin Is a Joke, but It’s No Laughing Matter […]
Yet Another Ridiculous Stock Market Bubble, In Three Charts
The Fiat Currency Age is nothing if not repetitious. There are dozens of charts that illustrate how closely today’s financial bubble resembles its predecessors. But simple is better when expressing a hard truth, so let’s go with that old standby, margin debt. This is debt created when over-stimulated investors borrow against their stocks to buy […]
JP Sears: How I Got Rich On Tesla Stock
Full disclosure: Certain members of the DollarCollapse staff are short Tesla stock. ————————————————————
Overconfidence Meets Impatience To Set Up The Crash Of 2021
Commentary on America’s overvalued stock market can be found pretty much everywhere these days. These arguments are compelling, and are becoming more so as stocks keep rising. The latest clue that we’re in yet another bubble is margin debt, which is money that investors borrow against their existing stocks to buy even more. A spike […]
Extreme Charts – December 11
Calling the US stock market “expensive” is like calling the sun “warm.” It really doesn’t do it justice. “Insanely overvalued” is more accurate, as the following charts illustrate: Stocks are now more expensive than ever versus commodities… … and versus their own long-term price trend … … and versus GDP … Meanwhile, […]
One Table And Two Charts Show Why Stocks Are A Bad Place To Be
US stocks are behaving amazingly well given the political and economic near-chaos of the past few months. This is probably the first recession that inflated rather than popped financial asset bubbles. Why? Because panicked governments and central banks are dumping trillions of play-money dollars into the system, a big part of which flow directly into […]
We’ve Been Here Before – And It Ended With An Epic Crash
Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared back to record highs are being elevated by an amazingly small number of stocks – Apple, Microsoft, Amazon, Google and Facebook to be specific — which […]
Signs Of A Market Top, Part 2: Investors “Give Up Bargain Hunting,” Pile Into Big Tech
One of the last things to be tossed overboard in the late innings of a bull market is discrimination. Instead of comparing the valuations of different assets and buying relative bargains, investors (known in retrospect as “dumb money”) just pour cash into the things that have been going up. This gives those favored assets one […]
Michael Pento: Trillion-Dollar Stocks And The Coming ETF Disaster
The latest from Michael Pento: There are a handful of stocks in which institutions and individual investors have recently piled into. This behavior is emblematic of all bull markets once they begin to hit the manic phase. Wall Street falls in love with a few high-growth darlings and takes their valuations up to the thermosphere. […]
As Solar Eats The Energy Sector, It’s Time To Revise The “Real Assets” List
In the energy market, there’s always a revolution going on somewhere. For most of human history, light and heat were provided by wood and candles. Then we discovered whale oil, and in the early 1800s lamps replaced candles. Later in that century, kerosene, a petroleum derivative, became the lamp oil of choice, and the whaling […]
Tales From The Casino, Part 1: Funds That Bet On Volatility Might SPIKE Volatility, Crashing The Markets
It’s a measure of modern financial markets’ absurdity that bets on bets on bets have come to seem normal. Maybe acronyms like CLO and CDO make them sound scientific. Or maybe it’s the sense that if Wall Street’s “rocket scientists” create something it must be highly advanced and therefore beneficial for society. But in reality, […]
Michael Pento: Here’s How You Know The Market Is Overvalued
There’s a lively debate out there over the size of the Everything Bubble. In the following excerpt, money manager Michael Pento concludes that this bubble both histocially huge and soon to be popped. When Overvalued And Dangerous Markets Meet Stagflation To put into perspective how overvalued and dangerous the US market has become; I often […]
The End Of The Bull Market, In Three Charts
Stocks have completely recovered from their flash bear market of late 2018. But now they face a hard question: Can already record high prices continue to rise in the face of falling corporate profits? Let’s start with the “falling corporate profits” part: A business generates improving profits when the things it sells rise in price […]
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