| Each of those indicators can also be seen as signs of trouble. Stock buybacks -- indication that investing in business is seen as having lower, maybe even zero or negative, ROI Acquisitions -- again, natural growth of company less favorable than consolidation. Which could mean that market isn't growing. Regulators -- I don't know that this claim is well-supported across the board. Would seem to need to be quantified in a very case-by-case basis. There certainly are industries that are examples of the opposite. New tech on the horizon doesn't generate income today and no one knows for sure exactly which tech to invest in now Consumers are already cutting spending and about to hit a debt wall later this year; COVID stimulus is pretty much all spent P/E ratios is a sign, perhaps, that people don't have other places to put there money Not saying my interpretations are correct, just that there are other sides to your indicators. |