[expat_panama]

A very good Monday morning to you!  While pre-bell markets are slightly off, futures traders have been putting stock indexes up 0.22% and metal at -0.37%.  No major econ stats today, but lots to read while waiting:  

Global stocks grind higher after central bank stimulus signals  World stock markets ground their way higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and higher inflation. ...

Santa's Coming? Truth About Year-End Rallies - Alex Rosenberg, CNBC

US Stocks 2nd Most Overbought In History - Dana Lyons, Yahoo

Does Stock Market Trading Volume Still Matter?  Nov 17 by Chad Karnes

[expat_panama]

Two things about US Stocks 2nd Most Overbought In History. 

One is that it's awfully easy to get the impression that the blogger was lurking on this site the day before he wrote the blog.  The other is that the 1871-2014 time frame is the only thing that makes today's stocks seem overpriced.  I agree with him though.  Anyone who thinks we are now in an investing environment that involves the Austrian empire invading Bosnia while the the Tsar rules Warsaw --that's an investor that needs to sell everything as soon as possible and take up knitting.

This is his 140 year time frame, and I like these choices better.