With the Dow breaking above the 21,000 level, here is a major warning stocks are about to reverse.
Danger For Stocks As Dow Breaks 21,000
From Jason Goepfert at SentimenTrader: “Investors have a record amount of debt. The latest NYSE margin debt figures show a balance of $513 billion, a new all-time record (see chart below).
85-Year Chart: Margin Debt At All-Time High!
Still, the pace of growth in debts remains well below the growth in stock prices, unlike in 2000 and 2007…
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More troubling is that cash balances are also low, so the net worth, or available cash, has declined to negative $200 billion (see stunning chart below).
85-Year Chart: Cash Balances Negative $200 Billion!
The only other time it has been this negative was April – July 2015.”
King World News note: You can see the dramatic plunge in stocks which took place in August of 2015, right after the period described above by Jason Goepfert (see chart below).
The charts and commentary above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***KWN has just released one of Art Cashin’s best audio interviews ever and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
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KWN has also released the remarkable audio interview with London whistleblower and metals trader Andrew Maguire and you can listen to it by CLICKING HERE.
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