Thursday, November 20, 2014

Capitulation: It's Lonely at the Top

% Bears 24 Month Moving Average going back 20 years
This week's reading is at 14.9% same as last week - hovering near the 27 year low (13%)

Lehman circled in blue i.e. Wall Street was shorting subprime well before the collapse
Percent of gamblers who learned their lesson in 2008:


This will be known as Wall Street's collapse.