Greedometer Newsletter posted. Wow! A new all-time record bubble.
This week’s letter is posted. It is full of data showing a wide stretch between the Fed-induced stock market bubble and regional Fed reports showing the U.S. economy at stall speed.
Does the latest record-setting S&P500 bubble cause me concern or doubt about the forecast from the Greedometer and mini Greedometer? Not one bit. Actually, it aligns rather well and reinforces the view that has been slowly painted by the gauges over the past 4 months. The Greedometer has previously warned before 6 collapses in the S&P500 initiated. The fact that the Greedometer has now provided its most violent warning ever does not mean a collapse will not initiate very shortly. It means the pending collapse has more fuel (to drop) than the previous collapses.
