We are 4 or 5 years into a bull market so very mature so how about these numbers over the last 2.5 months, keeping in mind that 3 months is a typical finish.
Shanghai up 60% in 4 months.
HK up 60% in 2.5 months
India up 50% in 2.5 months
Indonesia up 40% in 2.5 months
Singapore up 30% in 2.5 months
Taiwan up 25% in 2.5 months
Australia up 20% in 2.5 months.
These increases are not from a major bear low but late in a bull when markets get parabolic before collapsing.
Only a fool would suggest that those type of momentum moves could continue.
But it doesn't suggest a cooling down, it suggests completion of a mania that leads to collapse.
Keep in mind that the last 3 months of the '87 top here saw us climb a ridiculous 30% in 3 months.
Yeh, but its different this time.
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