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Feb 05 2021

A Sign It Could Get “Even Sillier”

  • Feb 5, 2021

The January moves in heavily shorted Micro Caps were more bizarre than anything we saw during the wildest days of the Tech bubble. Despite these signs of rampant stock speculation by the retail crowd, we still wouldn’t characterize today’s sentiment backdrop as frenzied as the peak levels of 1999-2000.

Nov 22 2017

It Still Doesn’t Look Like A Top

  • Nov 22, 2017

While there are certainly some performance disparities within the U.S. stock market, there’s no way we can argue (even if we’d like to) that it has become too selective.

Dec 06 2013

A Quick Technical Take

  • Dec 6, 2013

If a bear market is imminent, it will unfold with less “internal” forewarning than any cyclical decline since the late 1930s.

Nov 04 2010

So Much For “Red October”

  • Nov 4, 2010

Now that the election is over and QE2 in the works, resist the temptation to “sell the news.” We expect to see the market rally through the end of the year. Sentiment still benign and valuations still attractive.