The tale concerns a shepherd boy who repeatedly tricks nearby villagers into thinking wolves are attacking his flock. When a wolf actually does appear and the boy again calls for help, the villagers believe that it is another false alarm and the sheep are eaten by the wolf. In later English-language poetic versions of the fable, the wolf also eats the boy. - Wikipedia
An article crossed my desk this morning titled, "Exactly How Many Warnings Do You Need? It describes a number of market conditions, primarily investor sentiment off the charts and insane valuations that have a strong correlation to major stock market peaks.
This is not the first time in the past year that these valuations and sentiment warnings have been given off by the market, but how many times did the shepherd boy cry wolf until eventually the wolf came in for its dinner? What makes this analysis particular ominous today is that tomorrow is the Autumnal Equinox, which has a strong historical correlation to reversals in extended trends in either direction.
This is all in the wake of the recent Lunar Eclipse, which some say may have had some hand in touching off three devastating hurricanes as well as the deadly earthquake in Mexico.
Are the global financial markets next?
TRADING PORTFOLIOS
AAPL is likely to flip SHORT today (on a close below $155.82). If so, buy the December $155 puts, trading at around $7.50.
