There is reason to be concerned even with global stock markets trading near all-time highs. There is a stunning chart featured below which all KWN readers around the world need to see.
If you look at the chart below it reveals there are some serious warning signals even as many major indexes have been trading near all-time new highs. You will see figures in here that are breaking records not seen since 1987!
Here is the latest Investors Intelligence report along with the all-important sentiment chart: “Stocks surged after last Wednesday’s Fed surprise with nearly all indexes ending the week at record highs. Short term indicators were poised for rallies and they strengthened to end with universal bull confirmed status. More important were numerous confirming medium term oscillating chart reversals up. They suggested the move was more than a year-end rally. A week ago we noted hints of developing skepticism but they quickly ended with an even higher bullish reading….