Aко тия разчети са дори приблизително достоверни....и няма черни лебеди - работата е сериозна 
We are still nowhere near the euphoria stage for this bull market.
How do I know this?
Stocks continue to hit new all–time highs… and no one is profiting from it… yet.
Over the last 11 years, a period of time in which stocks have more than TRIPLED, investors have pulled money out of stocks SEVEN of those years.
Yes, seven out of 11 years. In the last three years they’ve pulled over $1 TRILLION alone, shown below.
As if that wasn’t insane enough, consider that in 2019 investors have pulled MORE money out of stocks than they did in 2008.
Let me repeat that…
During 2019 – a year in which the stock market rose over 25% – investors have pulled MORE money out of stocks than they did during 2008 – the WORST FINANCIAL CRISIS OF ALL TIME!
It’s absolute insanity.
As I write this, investors are sitting on $3.4 trillion in cash. That’s roughly equal to
the GPD of Germany.
So if investors aren’t the ones buying stocks… who is?
The Fed and Corporations.
The Fed is now providing roughly $60 billion in liquidity to the financial system every single month.
This money is then being funneled into the stock market in the form of margin debt and other leverage that Wall Street sells to hedge funds and other large investment firms.
Again, we’re talking about $60 billion per month, or over $720 billion per year.
On top of this, we have corporations buying $480 billion worth of their stock this year and planning to buy another $470 billion in 2020.
So between the Fed and corporate buybacks, we’re talking about over $1.1 trillion in “buying power” hitting the markets every single year.
That’s a LOT of buying power.
So imagine what happens if even $500 billion or say $1 trillion of the cash investors are sitting on joins in…
We’re talking 5,000 on the S&P 500 and 50,000 on the Dow.
This is GOING to happen. The Fed has made it clear that it wants inflation to run hot. Which means anyone sitting on cash is going to be experiencing a world of pain.
At some point, a portion of this money is going to move into risk assets like stocks. And when it does, it combined with the $1 trillion in buying power from the Fed and corporate buybacks will trigger a melt-up that will finally see the markets reach a true mania stage.
AND THAT is when we can finally get a top.
However, that’s still a long ways off.
How do I know this?
Stocks continue to hit new all–time highs… and no one is profiting from it… yet.
Over the last 11 years, a period of time in which stocks have more than TRIPLED, investors have pulled money out of stocks SEVEN of those years.
Yes, seven out of 11 years. In the last three years they’ve pulled over $1 TRILLION alone, shown below.
As if that wasn’t insane enough, consider that in 2019 investors have pulled MORE money out of stocks than they did in 2008.
Let me repeat that…
During 2019 – a year in which the stock market rose over 25% – investors have pulled MORE money out of stocks than they did during 2008 – the WORST FINANCIAL CRISIS OF ALL TIME!
It’s absolute insanity.
As I write this, investors are sitting on $3.4 trillion in cash. That’s roughly equal to
the GPD of Germany.
So if investors aren’t the ones buying stocks… who is?
The Fed and Corporations.
The Fed is now providing roughly $60 billion in liquidity to the financial system every single month.
This money is then being funneled into the stock market in the form of margin debt and other leverage that Wall Street sells to hedge funds and other large investment firms.
Again, we’re talking about $60 billion per month, or over $720 billion per year.
On top of this, we have corporations buying $480 billion worth of their stock this year and planning to buy another $470 billion in 2020.
So between the Fed and corporate buybacks, we’re talking about over $1.1 trillion in “buying power” hitting the markets every single year.
That’s a LOT of buying power.
So imagine what happens if even $500 billion or say $1 trillion of the cash investors are sitting on joins in…
We’re talking 5,000 on the S&P 500 and 50,000 on the Dow.
This is GOING to happen. The Fed has made it clear that it wants inflation to run hot. Which means anyone sitting on cash is going to be experiencing a world of pain.
At some point, a portion of this money is going to move into risk assets like stocks. And when it does, it combined with the $1 trillion in buying power from the Fed and corporate buybacks will trigger a melt-up that will finally see the markets reach a true mania stage.
AND THAT is when we can finally get a top.
However, that’s still a long ways off.
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