Animal Spirits: Late Cycle
Courtesy of Michael Batnick
On today’s Animal Spirits, we discuss:
Sentiment washout and stocks still can’t bounce
The Incredible Hulk of alternatives
Money cannot buy rich people more happiness
67% of workers earning > $100k are going to quit their jobs
Willing to pay for outperformance
Madoff victims being made whole
Listen here:
Tweets Mentioned:
We have yet to actually book a -3% day in December this year (with 48 minutes to go in today's session as of this post).
But here's a list of EVERY year since 1950 that saw at least one -3% day on $SPX in December:
2008
2000
1987You can't make this up.
— OddStats (@OddStats) December 4, 2018
here is a story about unicorns, ipos, uber and the dreaded “R word” affecting everyone’s 2019https://t.co/ZehcCFwjEA pic.twitter.com/MOwIXWTHi8
— rat king (@MikeIsaac) December 7, 2018
Charts Mentioned:
Recommendations:



