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Bears Are Capitulating, Perma Bears Getting Smoked. My Day with CNBC and Twitter

Good Thursday morning all. The bears have started to capitulate. We see it in short covering and we see it in the data (put / call ration, collapsing VIX Index, volume and internals). Capitulation is a process ... this market melt ...

Posted On January 31, 20194 MIN Read
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Good Thursday morning all. The bears have started to capitulate. We see it in short covering and we see it in the data (put / call ration, collapsing VIX Index, volume and internals).
Capitulation is a process ... this market melt-up could continue for an extended period. We'll know if any significant reversal is in the cards by the internals and key market leading sectors (tech, small caps, growth, momentum). As always, we'll give you an advance heads up. Still a whole lotta perma bears getting their cleaned clocks, including the biggest gurus on the planet.

My Day with CNBC and Twiiter.
Over the years I've gone from being a religious CNBC watcher to pretty much not at all...just for breaking news and interviews only. The later was absolutely the case once it became clear that Trump had a chance to win the presidency. CNBC turned into the Hate Trump Network, 24/7. Hard pass. And what a failure. Within 6 months of Trumps victory, CNBC's ratings were...

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