Market Action

[brutus2]

Interesting market action in past 2 years for some broad asset classes

Asset Return ( without dividends if any in US$)

Gold +6.5%
S&P500 0
Silver -10.6%
GDX (miners) -16%
TLT (long bonds) -25%
Bitcoin -39%

[oak333]

It is clear that USA and Canadian stocks are overvalued.

Then.. choose other markets. How ? Eg for the general P/E or
exchanges with higher New High/New Lows.

data at tradingview.com

Japan and India are fine. De-risking from China shows its teeth.

[brutus2]

Interesting market action in past 2 years for some broad asset classes

Asset Return ( without dividends if any in US$)

Gold +6.5%
S&P500 0
Silver -10.6%
GDX (miners) -16%
TLT (long bonds) -25%
Bitcoin -39%

Gold is still the champ as of this moment, going back the same 2 years, despite the recent weakness

Up 7%
Down 2%
Flat
Down 8.5%
Down 39%
Down 56%

[oak333]

Remember Black Friday, October 19, 1987 , with a big market crash ?

https://schrts.co/yZhuIecf

October 19, 2023 was bad too, but not as bad as in 1987.

[oak333]

Short selling is booming. Lots of Inverse ETF's are doing great. One example below:

https://schrts.co/XnhWiXRd

You can try many other like SSD, SPXS, QID, TBT, BIS, etc

[oak333]

I consider that an important Market Indicator:

"The Warren Buffett Cash Position."

Right now it is around 157 US $ billion.

In my opinion, that shows that he expects bad developments
in the market. He says it shows "lack of investment opportunities"
but ...they say practically the same thing.

https://ca.finance.yahoo.com/news/bu...120949492.html