The crash of 2013
I want to sketch out some of my concerns that the market may be due for a punch in the nose. The following indicators have a longtime proven record for happening at market tops. While market rallies sometimes don’t know when to stop, I believe it’s time to pull up your sox.
Margin debt is at record levels (way too high).
Insider selling is too high (About their own company, insiders are truly in the know.)
Stock Market Advisors Overwhelmingly Bullish (Generally speaking, they’re NOT in the know.)
VIX (Fear) indicator: Its value is determined by market factors, (i.e. opinion backed by money.)
Stock buybacks are at market highs. (Companies don’t have anything better to do with their money?)
Bond funds are buying stocks (What, no bonds to buy?)
The FED is out of money to cushion the crash, if crash there be.