{"id":529208,"date":"2010-04-15T20:25:00","date_gmt":"2010-04-16T00:25:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/think-the-market-is-behaving-like-a-ridiculous-bubble-heres-some-solace-2010-4"},"modified":"2010-04-15T20:25:00","modified_gmt":"2010-04-16T00:25:00","slug":"think-the-market-is-behaving-like-a-ridiculous-bubble-heres-some-solace","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/529208","title":{"rendered":"Think The Market Is Behaving Like A Ridiculous Bubble? Here’s Some Solace"},"content":{"rendered":"

\"bubble<\/p>\n

Yes, it certainly seems like this market, with its day-in and day-out gains is bubblicious.<\/p>\n

But if you’re looking for signs that investors haven’t completely abandoned rationality, BTIG’s Mike O’Rourke<\/a> offers the following:<\/p>\n

Currently, a great deal of market focus is on technical and sentiment indicators hitting extreme levels, i.e.<\/em> RSI, low Vix, low Put\/Call, New Highs, etc. Some solace can be taken in the fact that AAII’s 62% Bullish reading while optimistic is still not in “Sell” territory, but as we noted a few days ago we expected it to get there in coming months.  Another fact in which investors may also find some comfort is that despite the S&P 500’s 8.6% gain year to date and a 16+% rally off the February 5th<\/sup> low, in the 71 trading days year to date, the S&P 500 has not registered a single up 2% day<\/strong><\/span>.  In fact, there were only 2 sessions where the index added more than 1.5%, and one of those was the first trading day of the year.  For context, of the 252 trading days in 2009, 27 posted gains greater than 2% and 28 sessions posted losses of greater than 2%.  In both cases, 11% of sessions accounted for larger moves.  In 2008, 12% of sessions registered gains in excess of 2%, and 16% of sessions registered losses greater than 2%.<\/p>\n

 Got that? No 2% up days, and only 2 1.5% up days? Now you feel better, right?<\/p>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Yes, it certainly seems like this market, with its day-in and day-out gains is bubblicious. But if you’re looking for signs that investors haven’t completely abandoned rationality, BTIG’s Mike O’Rourke offers the following: Currently, a great deal of market focus is on technical and sentiment indicators hitting extreme levels, i.e. RSI, low Vix, low Put\/Call, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-529208","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=529208"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/529208\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=529208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=529208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=529208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}