Re: DOW 7...
52 wk Highs vs Lows in NYSE stocks. etc, etc. It's getting close, but rather than shorting just SPY and Dow and Naz tops,
recently I decided to look into the sectors already turned bear.
I know, I'm a little late, but TXRH is at 28 PE ratio..and has not sunk YET, I think their 3qtr won't be as good, judging from what other foodie stocks
have done already. For e..g BWLD (Buffalo Wild Wings), EAT, CAKE, etc.
So perhaps it's easier to short the sector or buy puts in it? Or by individual equity puts.
Another thing- the largest Canuck subprime housing lender blew up this yr. Now just recently, the one in UK blew up.
US auto subprime already blowing up according to what I read. Auto and truck and SUV NEW sales sucking wind.
Housing prices in hot areas started to timber. Large item durable goods sucking wind. Low family formation among millenials.
We are in a deflationary spiral. Sayonara gold and PMs longs.