Replies to post #977 on Justa's Dive Bar

[Ace Hanlon]

I don't watch CNBC but the argument that stocks are cheap is nonsense. John Hussman has refuted it many times. Valuations are VERY elevated.

In an earlier post I had suggested that the powers that be might give the market a final run to marginal new highs before things really start to unravel. Looks like that process is underway now with a vengeance

[chainik]

<Reading your credit spread posts w/interest and tend to agree>

Why do you think rising credit spreads are bearish?