The S&P 500 has topped at 2430 on 6/1/17

The S&P 500 has topped at 2430 or is within 22 points of topping


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Bathroom products:

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Lie
 
If you look at the correlation between NVDA, AMD, and $NYXBT we see an increase in correlation:

Chart_17-06-10_11-13-26.png


Now, correlation is not causation nor is coincidental correlation necessarily meaningful. But I wouldn't just ignore the possibility of dumb money pouring into what they perceive to be companies who will benefit from a parabolic rise in $BTC (aside from the fact that it's all ASIC and not GPU now). There's also some technicals in play for NVDA but at this point it's pretty much played those out IMO.

Then there's this type of thing: http://www.businessinsider.com/the-top-stocks-millennials-are-buying-robinhood-data-2017-4/

And I can guarantee you the daily Robinhood holdings are being sold off to those will pay for it as it's clearly dumb money central.
 
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