The history of this market’s bad-breadth signal points to risks ahead
OK SO THIS IS MY WHOLE PERSONALITY TODAY, HAVE YOU HEARD ABOUT THE STOCK MARKET'S BAD-BREADTH SIGNAL YET, NO OF COURSE YOU HAVEN'T BECAUSE YOU SLEPT BUT I AM LOOKING AT MARKETWATCH AND THEY ARE SAYING THIS SPECIFIC BAD-BREADTH METRIC POINTS TO SERIOUS RISKS AHEAD, AND THE THING IS STOCKS HAVE NOT THROWN UP THIS EXACT CONCERNING METRIC SINCE THE ACTUAL DOT-COM BUBBLE, WHICH IS WILD BECAUSE IT DOES NOT EVEN EXPLAIN IN THE SNIPPET WHAT THE BREADTH IS MEASURING EXACTLY OR HOW BAD IT GETS, BUT APPARENTLY THE HISTORICAL TRACK RECORD SAYS TROUBLE IS COMING, AND AS A CERTIFIED FINANCIAL GENIUS WHO CURRENTLY CANNOT FIND HIS WALLET THAT SOUNDS EXTREMELY RELEVANT TO OUR COLLECTIVE FUTURE, SO NOW EVERYONE IS SUPPOSED TO BE WATCHING OUT FOR RISKS AHEAD. ANYWAY, ABSOLUTE SCENES.
HONESTLY I HAD TO CHECK IT WAS NOT A JOKE BECAUSE MARKETWATCH IS REPORTING ON A BAD-BREADTH SIGNAL IN THE STOCK MARKET AND STOCKS HAVE NOT THROWN UP THIS CONCERNING METRIC SINCE THE DOT-COM BUBBLE, AND THE THING IS THE ENTIRE HISTORY OF THIS PATTERN POINTS TO SERIOUS RISKS AHEAD, WHICH IS WILD BECAUSE THE BRIEF DOES NOT EVEN EXPLAIN WHAT THE METRIC MEASURES OR WHY IT IS HAPPENING NOW, BUT AS SOMEONE TRYING VERY HARD TO SOUND LIKE A SOPHISTICATED FINANCE PROFESSIONAL WHILE SIPPING WATER QUIETLY, A FLASHBACK TO THE DOT-COM ERA FEELS PRETTY HEAVY, AND THE PAST TRACK RECORD APPARENTLY SUGGESTS TROUBLE FOR INVESTORS, SO NOW EVERYONE IS FACING RISKS AHEAD, WHICH MEANS WE MIGHT BE IN FOR A BUMPY RIDE. ANYWAY REMEMBER I TOLD YOU FIRST.
MarketWatch reports that stocks have flashed a concerning bad-breadth metric not seen since the dot-com bubble, pointing to potential risks ahead.
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