Contrarian investor Steven Jon Kaplan calls the bull-market anniversary a phony


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It’s My Party?

MarketWatch – (Need to Know), by Barbara Kollmeyer — March 6, 2019

Excerpt:

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… the good times are definitely over says our call of the day, from Steven Jon Kaplan of the True Contrarian blog and newsletter.

“We are no longer in a bull market, we peaked last summer. So this is a fake anniversary,” Kaplan told MarketWatch, in an interview on Tuesday. That puts him definitely in the camp of those who aren’t who aren’t celebrating the 10th birthday of this bull market.

Kaplan’s observed two bear markets since his newsletter got its start in 1996. He sees a classic mistake being made now in which investors are just looking back to last year, rather than comparing recent performance to the last big meltdowns.

For one, U.S. stock valuations are at altitude-sickness levels versus the rest of the world — either close to or below their average historic levels.

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View the complete article including images and links at:

https://www.marketwatch.com/story/contrarian-investor-steven-jon-kaplan-says-the-sp-is-in-a-bear-market-and-the-dollar-will-prove-it-2019-03-06?mod=need-to-know

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9 Responses to Contrarian investor Steven Jon Kaplan calls the bull-market anniversary a phony

  1. Bruce Steadman says:

    “I can’t see a recession!”. “Where’s the recession!”. I can’t tell you how much I hear this every single day. It’s like saying “I can’t smell the carbon monoxide.” By the time you “see the recession”, your head’s sliced off. Such a ridiculous statement.
    by David Rosenberg @EconguyRosie

  2. Bruce Steadman says:

    The bond market is flashing its biggest recession sign since before the financial crisis

    https://www.cnbc.com/2019/03/21/a-key-recession-indicator-just-did-something-that-hasnt-happened-in-12-years.html

  3. Bruce Steadman says:

    A Morgan Stanley economic indicator just suffered a record collapse

    https://www.cnbc.com/2019/06/13/a-morgan-stanley-reading-on-the-economy-collapses-by-the-most-ever.html

  4. Bruce Steadman says:

    GRAYSCALE BITCOIN TRUST (BTC)
    Check price recovery process on 5 Year Chart

    https://www.tradingview.com/symbols/OTC-GBTC/

  5. Bruce Steadman says:

    SP-500 JUNE 20, 2019 — TOP?

    Understanding the ‘Hanging Man’ Candlestick Pattern

    https://www.investopedia.com/articles/active-trading/040914/understanding-hanging-man-optimistic-candlestick-pattern.asp

  6. Bruce Steadman says:

    Cramer: ‘The real world is much worse than the stock market indicates’

    https://www.cnbc.com/2019/06/21/cramer-the-real-world-is-much-worse-than-the-stock-market-indicates.html

  7. Bruce Steadman says:

    The Pain Of This New Economic Downturn Is Starting To Show Up All Over The Country

    https://www.zerohedge.com/news/2019-06-26/pain-new-economic-downturn-starting-show-all-over-country

  8. Bruce Steadman says:

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