While usually followers of prevailing trends, traders employing leveraged ETFs are now refusing to
turn bullish even as the S&P 500 jumped 14 per cent in a rebound that restored US$ 2.5 trillion in values since the Feb. 11 low.
Not exact matches
Countless technology companies (many of which had not
even turned a profit) were driven up to unreasonable price levels by an overly
bullish market.
Monday started out with gains in all three indices, but the
bullish tone
turned to a bearish one before we
even reached noon.
After all,
even some of those
bullish on Race to the Top have privately conceded that maybe it didn't
turn out quite like they'd hoped.
And if such a new paradigm
turns out to be (
even half - way) correct, America's effective high yield status in the developed world could have
even more
bullish implications elsewhere — I mean, what's the appropriate discount & ultimate valuation multiple for markets like Europe (or Japan, or the UK, etc. etc.), when their risk - free rates are close to zero (or
even negative) the whole way out the curve?!