It’s said a picture is worth 1,000 words. In this case, I think five charts are worth five thousand words, because this market is pound-the-desk shortable. I’ve noticed a subtle shift in the conversation on Slope recently in which even formerly bearish participants are saying, in one form or another, “well, the market is kind of fairly valued, if you look at it this way.” The investing public has, I believe, collectively embraced the Stockholm Syndrome , and as such, you are starting to have positive feelings toward your captors.
Having said that, I shall present, without further comment, five charts which, in my opinion, are screaming to be shorted to anyone left who dares.
