Some strategists believe when a lot of investors take the same position, there's a herd mentality at work and investors are actually sending a contrarian signal. In this case, that would be positive for stock market gains. But Peter Boockvar, chief investment strategist at Bleakley Global Advisors, disagrees that stock futures investors are necessarily representing a contrarian call.
Boockvar said about twice as many futures contracts were now short as long, for the week ending last Tuesday. He points to cases where the shorts were right, like in September, 2007 when they were at a record high ahead of the market peak in October. "They were right. I'm skeptical to look at this as a contrarian indicator. I'm going to argue that sometimes the shorts are right," he said.
futures suggest no future for US markets
Don't fight the fed.
When I look at the 20+ year chart on most stocks that have been around at least as long, I see peak dates around 2000, 2004-2007, 2015-2018, then either a sudden drop or decline that appears irreversible. What does that mean?
That means do the opposite
$ITOX .0108? 52weekhigh 26 cents! Picture a stock where the CEO was the former vice president of a company worth $135 billion, left the Co. to create a startup & it trades under 2 cents. Fantasy right? WRONG. $ITOX CEO was the former vice president of R&D for Medtronic $MDT.
Look at the market here, before the pandemic the market was overvalued and everybody was saying the market very expensive at P/E of 17. Now the market is looking for 2022 P/E of 21 or 22 that may not come and could be even 30 to 31. I am asking where the money is coming from.
We’re already in q3, airlines are selling their holes for $39 a pop, and operating at 2/3 capacity w a blockage on intl legs... v-shaped recovery is a pleasant fantasy isn’t it? 🤔
Great, cos we all know , 99% of people are always wrong in betting on the market. Hehehe
To many bulls.. Time to short the S&P!
federalreserve thanks you
B-b-but printer machine goes brr
Makes sense when most of oil stocks are down and eventuslly corona will stay or go away and we move on
They will screwed by 🐋 s lol
FakeNews pushing for, even hoping for, the gloom and doom narrative to come true...
Yep, here it comes. Was just waiting for this negativity.
stonks only go up. Didn't you know?
It's a bull trap made by FED and Wall street to help them selling their stocks at highest price.
The market will only go up. Money printer goes brrrrr
What do Charlotte's spider web and Lurvy's Navajo blanket have in common? Swastikas! Find more hidden Nazism-related meaning of the children's classic Charlotte's Web in this 36-page SSRN paper, at
Awesome replies to this posted story. Most are accurate! CNBC is the big short.
If not for BeckyQuick and JoeSquawk , would be useless. jonnajarian and petenajarian are good too.
Says who?
Wasn’t that prediction supposed to happen today?
Sad, establishment scared to loose military complex and hate oil and gas.
In June 2000 the Dow was at 10,500. Since then we’ve seen 3 bear markets and 8 corrections. Today the Dow is over 26,000, up 150% from 2000, not including dividends. I’m pretty sure the people that took investment advice from CNBC did not get those returns. Can’t time the market.
Crime wave peaked
VIX going downn
Will Bill Ackman be on with 'Hell is Coming' Part 2 ? 👊🤓
Buy calls! Always inverse Boomers
Why isn't the media asking Joe Biden to come out of the basement and start answer some questions.?
federalreserve said stonks only go up.
Going against Powell ..... tough odds
is the only short ....
You’ve been saying market gonna tank since March lows lol
Great, spx all time highs will be here even quicker than imagined! 👍
When a company sells $500 plus ice chests and their stock is roaring. YETI. How can that happen in a pandemic.
Has the fed ever done what they are doing right now? The answer is no so this story is pointless.
Don't fight the Fed.
Stocks only go up. Thanks Fed.
boooolish.
Okay is shorting the market They keep re-releasing this headline?
It's not a hill I'm willing to die on but that tiny conspiracist in the back of my mind doubts the veracity of this article. I'll be interested in seeing what happens over the next 4 weeks.
well, this is certainly good to hear 🚀
Like short in nasdaq at 12.309
Isn't that a monthly bet now a days, or has it become bi-monthly? 🤑
Great article cnbc. We need more of these.
God created the perfect Human Body, your body's Immune System makes it's own antibodies when infected with the flu/covid or any virus. Vaccines are a lie perpetrated by big pharma who want to profit from people's fears, misinformation pushed by Fraudulent News & Gates, Faucci.
My fellow Americans the time to wake up is now, we must expose the Fraudulent Pandemic that has mortality rate of .0001%, that has eroded our constitutional rights, left millions unemployed, pushing fake 2nd wave, by complicate CNN, MSNBC, FOX & Big Pharma.
Asymptomatic spread of coronavirus is ‘very rare,’ WHO says they have the audacity to mock us with these headlines, should be a wake-up call to all American's, to keep making our voices heard until the people behind this Criminal act are brought to justice
And some investors aren't.
Summary of story; experts speak out of both sides of their mouth and market could go up or down.
Anticipating dnc and JoeBiden corruption government?
And the Fed keeps ruining it.
I guess a $5TN print wasn’t enough.
Don't care. TalkingHeads
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