“In 40 years of watching markets closely, I have never seen more dangerous conditions than exist in the stock market today…”
What Bob has published is so exceptional that it’s best for me to show instead of tell — and I’d like to provide you with one more example of what that means.
Please take a moment to consider the six decades of data this chart presents, via the S&P 500 (above) and the mutual funds cash-to-asset ratio (below). The vertical dotted lines help show a clear correlation.
Thank you for reading,
Elliott Wave International
The above is one of more than a dozen recent sentiment charts presented in Prechter’s latest Theorists.