Some points from the post:
-
without the top 5 companies in the S&P, the index is negative for the year (-3% but post was written yesterday)
-
though many draw similarities between the current market to the one in 2000, the largest 5's forward p/e's are 33 compared to the largest 5 in the year 2000 that had a forward p/e of 60
-
despite recent market drop since first week of September, speculation via options actually increased last week (though call-buying is down to 48% from its recent high of 53%)
-
larger speculators ('smart money') are betting against the Nasdaq in what appears to be the largest volume since early 2008, however retail has been right being bullish thus far and has continued to be bullish even with the recent correction (granted, this could change if the correction deepens)
Submitted September 22, 2020 at 08:30PM by mutecocoon https://ift.tt/3603k7S
