S&P 500 price to book basically at 2000 levels. A double Black Swan event in manic risk seeking.

After the election I said that we had never seen Momo Tech 3 std deviations above the 200 dma. Then it pulled back briefly and now has exploded higher again.

Back to record overbought for the second time.

A double Black Swan event in manic risk seeking. pic.twitter.com/HRYpf6WGAv

— Mac10 (@SuburbanDrone) December 4, 2024

S&P 500 price to book basically at 2000 levels. pic.twitter.com/nMH5DAxoiN

— Michael J. Kramer (@MichaelMOTTCM) December 4, 2024

Early 2000 headlines.

Won't be long. https://t.co/id4kPUYSXH

— The Great Martis (@great_martis) December 5, 2024

The global economy faces proliferating risks ranging from trade tensions to wars and debt troubles that could threaten its “remarkable resilience” of past years, the OECD said.

Leverage And Speculation Are At Extremes

The market has rarely been so strong over the last 100 years:

The S&P 500 has hit 54 all-time highs this year, the third-best performance this century.

This is also the sixth most all time highs in a year since the 1920s.

This comes as the index is up 27% year-to-date, marking… pic.twitter.com/sjAMdzWRMD

— The Kobeissi Letter (@KobeissiLetter) December 5, 2024

ALERT: Cash now yields more than stocks

This has only happened 8 times since 1954 pic.twitter.com/xMsMvxfMpP

— Bravos Research (@bravosresearch) December 5, 2024

People, f**king PAY ATTENTION.

It’s a bubble. https://t.co/WF22H6TzgP

— Uncle Milty’s Ghost (@his_eminence_j) December 5, 2024

For the past three years, global stocks entered Q4 oversold, now they're overbought and making a second lower high.

1987 style. pic.twitter.com/zIsPcLuQg5

— Mac10 (@SuburbanDrone) December 5, 2024