– Bubble? Meet the $25 million grilled cheese truck (Sovereign Man, Feb 9, 2015):
There are some time-honoured signs of an impending market top.
One of them is that margin debt has peaked.
Another is that interest rates are going through the floor.
Another is that the velocity of money is also going through the floor.
Another is that Goldman Sachs’ Senior US Investment Strategist Abby Joseph Cohen reckons the stock market is relatively cheap, an opinion which she generously gave at a recent Barrons roundtable. Continue reading »