"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

The Australian Stock Market dropped 2.5% in the first 20 minutes

"The Chinese Stock Market dropped 7% just an hour after opening, and the ripple effects are starting to be seen worldwide as markets open"

The benchmark S&P/ASX 200 and the All Ordinaries indices fell more than 2.4 per cent within the first 20 minutes of trade today.

CommSec chief economist Craig James said that despite the uncertainty on global markets, the US and Australian economies remained in good shape.

He also believed worries about Greece and China were over-rated.

"At present, we would view the global sharemarket correction as a correction we had to have - a situation that will be beneficial in injecting more value into markets," Mr James said.

Via Reddit

Market Watch: "We’re in the third biggest stock bubble in U.S. history"

"U.S. stocks are now about 80% overvalued on certain key long-term measures, according to research by financial consultant Andrew Smithers, the chairman of Smithers & Co. and one of the few to warn about the bubble of the late 1990s at the time."

The Amazing Wubble Bubble Ball from NSI International

 

If you decide to buy the bubble in the video, for yourself or for a gift, or whatever, remember to use our Amazon portal on the right hand side of our page. Thanks. 

Michael Lewis: "The Market Is Rigged"

Via Zero Hedge...

"With Lewis' appearance last night on 60 Minutes to promote his book Flash Boys, and to finally expose the HFT (High-frequency trading) scourge for all to see, we consider our crusade against HFT finished. At this point it is up to the general population to decide if this season's participants on Dancing with the Stars or the fate of Honet (honey) Boo Boo is more important than having fair and unrigged markets"

Mr. Soros Places a Bet

George Soros is among the wealthiest in the world, with a net worth reputed to be some $11 billion US dollars. 

Soros has placed a bet - a big bet  - that the US stock market will fall.  The bet is more than 10% of Soros's net worth.

[T]he “Soros put”, a legacy hedge position that the 83-year old has been rolling over every quarter since 2010, just rose to a record $1.3 billion or the notional equivalent of some 7.09 million SPY-equivalent shares. Since this was an increase of 154% Q/Q this has some people concerned that the author of ‘reflexivity’ and the founder of “open societies” may be anticipating some major market downside.

A man who became fabulously wealthy by understanding currency and markets and risk placed a whopping bet against the US stock market.  What message should you take from that?

Perhaps his funding of American politicians who seem intent on ruining the American economy is a way of hedging the hedge bet he's already made.  The hedge-hedge strategy.

Following Soros's lead, I have placed a bet equal to 10% of my net worth against the US Stock market.  That one hundred eight dollar position is going to pay off, big time.