The suspense is killing me.

Oh just give us the stupid washout already.

The one that everyone knows is coming.

Write a blog post or a tweet about the imminent correction and everyone retweets you, everyone agrees. The “Correction Camp” is now the world’s largest circlejerk as measured by circumference, according to Guinness.

The chief strategist types are all charting the shit out of this new surge in optimism and reminding us that every time we get to this place the market gets crushed immediately afterwards.

Chris Ebert at ZenTrader pulled this LSSI metric out of his ass this weekend. It’s called the Long Straddle/Strangle Index and the last two times it was in this position, the market had put in major short-term tops – April and September 2012.

I guess, fine.  We know that the Vix is certainly predictive of nothing, maybe we all need to watch the LSSI now. Sure. I’ll add it to the list of 700 indicators.

Also, here’s Bank of America with a chart of their Bull & Bear Index – an amalgamation of hedge fund equity exposure, fund flows etc. It is positively screaming here, off the charts bullish, higher than 99% of the time since 2002, notes the Business Insider’s Joe Weisenthal:

bull bear am

The Newsletters are all bullish too – the most bullish reading in 13 years!  This is not good, they are always wrong at extremes. JC at All Star Charts posted this last week:

newsletter-writers1

This comes at a time when we’re about to get deep into this Sequestration bullshit.  The President’s State of the Union address is this week.  The GOP rebuttal will be given by Marco Rubio and the Tea Party’s rebuttal will be given by a guy dressed up as either Ben Franklin or Jesus Christ on YouTube.  You will hear near-zero conciliation in the remarks from either side. They want this to happen.

Now everyone’s talking about this week being some kind of Moment of Truth.

Bring it.

Fuck it.

I have more buying to do anyway.

Let’s correct already and be done with it.

The suspense is killing me.

What's been said:

Discussions found on the web
  1. blazing trader commented on Sep 27

    … [Trackback]

    […] There you can find 46646 more Info on that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  2. sonsofheaven.com commented on Oct 09

    … [Trackback]

    […] Here you can find 35489 additional Info to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  3. devops consultants commented on Nov 18

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  4. Digital Transformation journey commented on Nov 18

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  5. 토토 commented on Dec 24

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  6. wig commented on Dec 31

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  7. cbd for anxiety commented on Jan 02

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  8. lace front wigs commented on Jan 15

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  9. Teka CNL1 3000 manuals commented on Jan 20

    … [Trackback]

    […] There you will find 17375 more Information on that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]

  10. regression testing commented on Feb 07

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2013/02/11/the-suspense-is-killing-me/ […]