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Stocks Approach Intermediate-term High As Market Internals Signal Caution

Sunday, February 12, 2017 0:26
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(Before It's News)

by Erik McCurdy, Prometheus Market Insight

As we observed recently, the current stock market bubble is one of the largest of the past 100 years. Further, at a current duration of nearly eight years, the cyclical uptrend from 2009 is long overdue for termination. Although the S&P 500 index has moved up to new all-time highs, the advance from 2016 is almost certainly a speculative blow-off move and it remains likely that a long-term top is in the process of forming.

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Source: http://econintersect.com/pages/investing/investing.php?post=201702120016

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