Apr
17
Euphoria, from Chronic Bear Mike Alona
April 17, 2007 | Leave a Comment
"The market is never content until it fills in all the areas of potential trade that can induce the public to do the wrong thing, including the final euphoric day where for once bonds go up while stocks go up." Victor Niederhoffer
The last open gap filled on ER2 and both stocks and bonds are up today; check.
"The upward sloping yield curve, the cornerstone of bullish ambience" Victor Niederhoffer
—The one that inverted again today?
I think I'm going to count the number of days after an OEX putcall ratio spike on a daily chart until a big correction usually hits.
Ahhh, euphoria, and a weak yen (until it isn't): what more do bulls need?! Whistling… I'm forever blowing bubbles.
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