Has The Last Bear Capitulated?

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Mark Melin
Published on
Updated on

The quantitative easing asset bubble that has driven valuations to historically high levels, driving volatility into the cellar, is going to eventually crash, institutional investors to whom Albert Edwards converses say. It’s not a matter of if, but when, the notoriously bearish Societe Generale analyst says. For most clients he talks to, they see more runway ahead for bulls and don’t want to miss out on the gains, for now. [timeless] Investors don’t think the bull market will end for another 12 to 18 months While there is talk about equity valuations being expensive and whispers that a failed tax…

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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.