Australia, New Zealand and South Africa markets are closed
until tomorrow, Tuesday, 4/7/15. Chinese, Hong Kong and Taiwan markets are
closed. The Hang Seng Index is closed until Wednesday, 4/8/15. The Ching Ming
Festival to honor the dead continues into early this week. The Chakri Memorial
Day occurs in Bangkok, Thailand.
At 9:55 AM local Tokyo time (8:55 AM EST Easter Sunday
evening in the States), the Nikkei Index is trading down -0.3% and the KOSPI is
up +0.3%. Toshiba loses -5% on alleged accounting problems. Sharp is up +5.6%
on news of potentially spinning off its LCD business to unlock value. Samsung
[Text is Redacted: Purchase April 2015-04 to Read the Complete Chronology]
buzzsaw as the dividend stock bubble matures and is prime for popping. The SDY and DVY monthly charts are overbot with negative divergence across all indicators. In other words, dividend stocks are running out of gas and a multi-year top is likely to occur at anytime in the weeks ahead. The CPCE put/call ratio is 0.50 indicating rampant complacency in the stock market and a likely near-term top is at hand.
[Text is Redacted: Purchase April 2015-04 to Read the Complete Chronology]
buzzsaw as the dividend stock bubble matures and is prime for popping. The SDY and DVY monthly charts are overbot with negative divergence across all indicators. In other words, dividend stocks are running out of gas and a multi-year top is likely to occur at anytime in the weeks ahead. The CPCE put/call ratio is 0.50 indicating rampant complacency in the stock market and a likely near-term top is at hand.
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