Major global stock indices at long term resistance levels:
US margin debt and investor credit balances at all-time record:
Rydex Nasdaq leveraged bull/bear ratio at all-time record:
Rydex Total Index bull/bear ratio going parabolic:
CBOE put/call ratio 3 day average at historic extreme:
Investors Intelligence Bullish at highest since October 2007, Bearish at lowest since March 1987:
Citigroup Panic/Euporia Model now 5 weeks above Euphoria threshold:
Earnings guidance for US Q4 most negative on record, and equities rallying on earnings disappointment:
Skew now at 133, still one of the highest readings on record.
US equities second highest market cap to GDP valuation outside of 2000, the 4th highest Q ratio valuation and 4th highest CAPE valuation in history.
My opinion really should not matter. Best of luck for 2014.