8 Unprecedented Extremes That Indicate a Stock Market Bubble in Trouble

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Unprecedented Extremes Indicate a Stock Market Bubble in Trouble

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It is amazing to read assertions from the Fed and others that the stock market is nowhere near being in a bubble. Several aspects of the financial environment are actually so extreme as to be unprecedented. Some indicate a bubble, and others a bubble in trouble.” June 19, 2015 | The Elliott Wave Theorist Robert Prechter President, Elliott Wave International

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Record debt in U.S. dollars u Total dollar-denominated debt peaked at $52.7 trillion in early 2009. At the end of Q1 2015, it stands at $59 trillion, an unprecedented amount. LEARN MORE »

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v Margin Debt All-Time Highs Never have more trading-account owners owed so much money, and never have they had such a low level of available funds from which further to draw. LEARN MORE »

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Stocks Are Overvalued w (based on dividend yields) The Dow's annual dividend payout has been less than 3% for 235 out of the past 246 months. Prior to the bull market that started in 1982, the longest duration under 3% was just one month, at the top in 1929. LEARN MORE »

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Fund Managers Are Maxed Out x The percentage of cash in mutual funds has been below 4% for all but one of the past 70 months (a period of nearly six years). Prior to this time, the longest such duration was only nine months, a streak that ended in October 2007. LEARN MORE »

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y Stocks at Triple Extreme Previous triple manias occurred in 1901/1906/1909 and 1965/1968/1972, and both led to severe bear markets. This one is even bigger and has lasted longer. LEARN MORE »

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Rose on Low z Stocks Straight YearsVolume for Six Such a thing has never occurred before—one year, maybe, but not six. LEARN MORE »

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{ Unprecedented Divergence On May 20, Robert Prechter published a rare interim issue of The Elliott Wave Theorist to tell subscribers: “Today something amazing happened: The Dow Transports closed at a 6-month low on the same day that the S&P 500 made an all-time intraday high. I doubt this has ever happened before. “The Dow Theory non-confirmation between the Dow Industrials and Transports is now [more than] six months old. This big a divergence, for this long a time, is very bearish.” Robert Prechter President, Elliott Wave International

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| Advisor Bearishness at 38-Year Low (optimism near record high) The 30-week moving average of the percentage of bears among stock market advisors is at a 38-year low. (Investors Intelligence data is inverted to show optimism.) LEARN MORE »

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Click the link below for: 1. Detailed forecasts 2. Larger charts 3. Extended Commentary www.elliottwave.com/wave/bubbleintrouble

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