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THE STOCK MARKET HASN’T BEEN THIS OVERBOUGHT SINCE 1983

THE STOCK MARKET HASN’T BEEN THIS OVERBOUGHT SINCE 1983

Courtesy of The Pragmatic Capitalist

Excellent data here from Bespoke. The market hasn’t been this overbought in over 25 years:

sp500 moving averages THE STOCK MARKET HASNT BEEN THIS OVERBOUGHT SINCE 1983

This additional chart from Quantifiable Edge shows the extreme level of stocks above their 200 day moving average.  The stock market hasn’t been this oversold ever in terms of this indicator:

2009-9-17 png

Source: Bespoke Invest, QE

 

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