Tuesday Link-Ups: Dangerous Markets

I am reading a lot of articles today stating that the new all-time highs for the S & P 500 represent a buying signal?

• Business Insider – The new all-time high for stocks is the ‘mother of all buy signals’
• MarketWatch – Here are the sectors set to power higher with the S&P 500’s record-buster

I don’t get it – I shared the stretched multiple metrics Z Option Trader tracks in yesterday’s post – they are even worse now – signaling major danger and low returns ahead – but Wall street is telling you it’s time to buy, buy, buy!

I decided to collect a few “more reasoned” articles for you to read – to balance out the noise:

• MarketWatch – Watch P/E ratios: With greater highs for stocks come greater risks
• The Felder Report – We Are Witnessing The Greatest Dichotomy In The History Of Financial Markets

This constant Central Bank fueled rise in Markets also illustrates why I don’t short risk assets – it is just too hard.

On a completely different topic – the Rio Olympics look like a total train wreck:

• Breitbart – Five Signs Rio de Janeiro Is Not Ready for the Summer Olympics