The CPC and CPCE put/call ratios are signaling ongoing complacency and fearlessness in the US stock market and now they have completely fallen out of bed at multi-year lows. The stock market is printing a significant price high right now and about to begin a substantive collapse. Sell your longs going forward, otherwise, you will be hosed bigtime as the days and weeks ahead play out. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Friday Morning, 7/14/23, at 6:05 AM EST: The bulls are running proclaiming nothing but upside ahead for stocks. Ed Yardeni says SPX 4800 is coming. Goldman Sachs analysts say all-time highs for the SPX are on tap. RBC's Lori Calvasina proclaims joy ahead for US stocks. CNBC business news celebrity Jim Cramer is telling investors not to short stocks. Open your eyes folks. Do you see the rampant complacency? None of the jackasses called the top in the US stock market. Keystone did. Who do you believe going forward? The business news punditry and corrupt financial institutions or Keystone? You have to decide over the coming days.
Note Added Saturday, 7/15/23: TPW Advisory's Jay Pelosky is uber bullish telling folks to buy China, emerging markets, commodities and cyclicals. He decrees to take profits on tech stocks and put that dough into the other sectors. It is all nothing but blue skies and rainbows ahead. Things are going great and only getting better. It's so bright that you gotta wear shades as Timbuck 3 sing. Are you at the bull party drinking Fed wine and Congressional champagne?
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