Two weeks ago, we discussed the recent report from Artemis Capital Management, “Volatility and the Alchemy of Risk – Reflexivity in the Shadows of Black Monday 1987”, authored by Christopher Cole. See “In the Shadows Of Black Monday – “Volatility Isn’t Broken…The Market Is”. The full report can be accessed here.
Via MurraySabrin.com,
Last week President Trump’s tax plan was unveiled with great fanfare by the Congressional Republican leadership. Although President Trump babbled what he claimed to be the biggest tax cut in American history, the evidence is quite to the contrary.
Earlier today, when discussing the Saudi bank account and asset freeze (and confiscation) of dozens of princes and ministers, we said that just the haul of billionaire prince Alwaleed's $19 billion in various holdings, including nearly a billion dollars in jewelry, plans, yachts, furniture and cash...
Via LPLResearch.com,
What can we say about 2017 that hasn’t been said already, as it continues to smash records?
Per Ryan Detrick, Senior Market Strategist, “2017 will likely be remembered for two things: a persistent bullish trend and historically low volatility.”
In fact, here are two more records that prove that point.
The Nasdaq has never made more all-time highs than the 63 it has made (so far) this calendar year, topping the previous record of 62 set in 1980.
Excerpted from John Hussman's Weekly Market Comment,
Market valuations, on these measures, presently approach or exceed the 1929 and 2000 extremes, placing U.S. equity market valuations at the most offensive levels in history.