Investors around the world need to buckle up because this will definitely end in tears.
Are We There Yet?
July 11 (King World News) – SentimenTrader: NASDAQ Optimism Index’s 3 month average is at the highest level since 2000 (see below).
WE ARE GETTING CLOSE:
NASDAQ Optimism At Highest Level Since 2000!
It Has ALL Been Tech
This rally is ALL tech. While 76% of NASDAQ 100 members are above their 200 day moving average, less than 40% of S&P members are above their 200 day moving average. Tech is trying to lift up the index, other stocks aren’t participating. This has pushed the gap in breadth to an all-time high. Worrisome? (See below).
MONEY PRINTING AND RAMPANT SPECULATION
All-Time Record Percentage Difference
Between NASDAQ And S&P Stocks
Above 200 Day Moving Average!
***To listen to the powerful KWN audio interview with Egon von Greyerz discussing the coming global collapse and the breakouts in the gold and silver markets click here or on the image below.
Greyerz – This Will End In Disaster
***Also Released: Greyerz – This Is Going To End In Absolute Disaster CLICK HERE.
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