US stocks: overbought, overbullish & overvalued, Crash imminent - K1T Capital
Jan 24, 2017, 12:24 PM
Simon Wajecenberg, CEO of K1T Capital, in his last appearance in November, had called a crash in Dow Jones. In today’s segment , Wajcenberg reiterates his outlook and presents new analysis of US stock markets that suggests the crash is overdue.
You don’t want to miss this one - Wajcenberg draws parallels between 1987 top, 2007 top and the current market levels. Remember… great traders have made money shorting the markets!
Key points
Over bullishness = bull-bear ratio is greater than three times. As of now the ratio is 3.5 times. This is the fourth week in a row when the ratio is way above 3. The ratio was last seen at current levels in 1987... 2007.