RE: David Rosenberg: These Five Indicators Signal That We've Hit A Cyclical Peak
Great article! It’s too obvious stock market is running out of steam. Dave Rosenberg‘s charts and comparisons with previous peaks are proof itself. At this moment it looks like we’re officially in a correction. That may or may not be impactful though. The market could go back up tomorrow. Panic selling is always a bad idea. However, there are numerous events that could cause a crash, major correction or a meltdown. Bitcoin could crash and burn, the housing bubble could burst again as it seems to be getting out of hand again, student loan default, auto loans trouble, yield curve in trouble, Trump could get impeached because apparently doing something really, really stupid just get ignored by the market. Congress could fail to come up with a funding plan for the government although the market seems to ignore politics for the most part. Trouble, trouble, trouble...