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jumanji0881

11/27/20 10:46 AM

#36146 RE: nowwhat2 #36145

Is it time to short ? -

As Good As It Gets? : https://www.zerohedge.com/markets/good-it-gets

Excerpts:
These excesses are clearly unsustainable and mark a potentially timely setup for a major market reversal. According to Bank of America, over the last two weeks, already fully-invested retail investors had their largest inflows into the stock market ever. Meanwhile, Goldman Sachs showed this week that hedge funds have their highest leverage since right before Volmageddon (250%) and are their most net long (84%) since they have been tracking the data (five years). Goldman also reported that the median short interest as a percent of market cap for the S&P 500 just plunged to the lowest it has been in the 16-year history of that data.

We are hereby warning of the dangerous risks of chasing this extremely frothy bull market. Forward thinking investors should take a cue from smart-money corporate insiders who sold more stock in one day last week than on any other day since 2004 as also noted by Goldman. At Crescat, we remain committed to tactical short positioning today in our Crescat Global Macro and Crescat Long/Short hedge funds alongside precious metals long exposure