– Psychology deterioration pushes MRI back above 50%.
– Record drop in Consumer Confidence Present Situation Index, but also a record increase in expectations for business improvement and job market.
– Falling earnings and higher stock prices push the Forward PE to above 20X, the highest level since May 2002.
– Highest M2 Growth since 1983
– Buybacks expected to fall by half
– Retail trading activity goes parabolic on zero commissions and a stock market drop