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We are spending a week at our favorite spot in paradise, the Napili Kai Beach Resort on Maui. It is so peaceful and beautiful that it's hard to get upset or excited about what's going on in the rest of the world.
Which is not so bad, considering that—apart from the impending failure and/or postponement of Obamacare—nothing much has changed. The economy is growing slowly, but it is growing and getting slowly better. There are no signs of distress in the financial markets or emerging weakness in the economy that I can see, and yet markets are still priced to caution and risk aversion. Risk assets still look attractive relative to cash.
Tuesday, November 12, 2013
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The Bull/Bear Ratio jumps to 3.54
Schaeffer's Investors Intelligence
Date.....Bullish....Bearish
11/06.....55.2.......15.6
10/30.....52.6.......16.5
10/23.....49.5.......18.5
10/16.....42.3.......21.6
10/09.....45.4.......20.6
10/02.....46.4.......18.6
09/25.....44.3.......20.6
09/18.....42.3.......21.6
09/11.....37.1.......22.7
Economist Ed Yardini remarked in a recent post: "A melt-up signal: Rising Bull Bear Ratio and rising stock prices."
At this link is a downloadable .pdf file of Yardini's work on the BBR.
http://www.yardeni.com/pub/stmktbullbear.pdf
Mr Grannis, may you and your lovely wife enjoy the holiday...
I continue to offer my services as a valet and butler if needed..
Picture us if you can!
Making News: Author of QE said it was a mistake..
http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884
Enjoy your travels Scott. Thanks, as always, for the time you spend sharing your opinions and research.
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