What Is Happening Is Absolutely Stunning…We Haven’t Seen This In More Than 100 Years
KingWorldNews.com
January 17, 2018
As global markets continue to surprise investors and traders alike, what is now happening is absolutely stunning. In fact, we haven’t seen this in more than 100 years.
By Peter Boockvar, author of the Boock Report
January 17 (King World News) – Here is what Peter Boockvar wrote as the world awaits the next round of monetary madness: Putting aside one’s opinion on the market, here are some stats that we can all agree reflect an extraordinarily stretched situation this morning that was a precursor to the breather we are seeing…
Peter Boockvar continues: I had to go back to early 1971 to see the daily 14 day Relative Strength Index this high in the SPX. On the DJIA, go back to 1955. For the monthly RSI in the DJIA, never in more than 100 years of history was it higher at this morning’s high (see remarkable chart below).
