Monday, November 30, 2015

"These stocks are crushing it, just like before the dot-com bust"

Apple
Amazon
Berkshire
Facebook
General Electric
Google
Johnson and Johnson
Microsoft
Wells Fargo
Exxon

"“The turkey looks good on the surface, but where’s the stuffing?,” asks Jon Krinsky’s of MKM Partners (h/t Reformed Broker). “In the last 20 years, the only other times we have seen less than 55% of components above their 200 DMA while the SPX was within 2% of a 52-week high have been ’98-’00, October 2007, and July/August of this year.”
In other words, the narrowness of this market is unlike anything we’ve seen since the period preceding the dot-com bust. Our chart of the day digs a little deeper (see below).

http://www.marketwatch.com/story/these-stocks-are-crushing-it-just-like-before-the-dot-com-bust-2015-11-30?dist=beforebell

2 comments:

edutcher said...

Let's face it, a crash now on Pissy's watch wouldn't be perfect timing, but it would give the Rs a year to ask what the Demos have been doing the last 8 years.

Follow that with a couple of IS attacks, a Chicago '68 convention (party irrelevant), and maybe some interesting pics of Willie on Sex Slave Island, and you've got yourself a rout next year.

deborah said...

I thought it was supposed to be a higher education bubble burst...Don't know nuthin' about no Finance.