Evercore ISI Says Sotheby's Hitting High Is Bubble Sign

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Mark Melin
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Watch Sotheby’s stock price, says an Evercore ISI research report today.  Once the price of the high end auctioneer reaches the tip of its price channel, which is projected to trigger near $75 per share, investors might do well to watch for that’s rather ugly bubble popping sound. It was bubbles and the Fed unwinding a dependency that was the topic at hand. Bubble, bubble in this case toil and trouble Sometimes popping bubbles is alluring, fun in even how a bubble pop can sound. But popping a financial bubble, one that carries with it hopes and dreams, is a little…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

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