All our times have come
Here, but now they're gone
--Blue Oyster Cult
Nice multi-panel display that adds to our collection of market extreme graphics. Margin debt, valuation, macro, sentiment...
The set up has market sage Richard Russell fearing an epic wipe-out:
"Since infancy I've always been ultra-sensitive to danger. For this reason I've never been caught in a primary bear market--my sensitivity to impending danger (and Dow Theory) has always saved me and my subscribers. But this time my unconscious fear is unrelenting, and it won't leave me alone.
"Finally, I've admitted it to myself. I'm afraid we're in a primary bear market in the economy and the stock market. I believe it's going to be an absolute 'brute.' And I'm afraid of what might lie ahead."
position in SPX