Equities Are Inwards A Potentially Unsafe Spot: 2000 Marketplace Order Crash Every Minute Analogue

We are not fans of analogues, you lot cause got to last careful alongside this stuff.
Humans are pattern-recognizing machines as well as are as well as then expert at it that nosotros tin plough over the sack run across patterns that don't fifty-fifty exist.* We telephone phone it the Rock Man Syndrome.**

We are leaning toward Jeremy Grantham's master copy melt-up target of S&P 3300 equally a blow off top. He hedged a chip inwards conversation alongside The Economist Apr 10 precisely said at that topographic point was yet a 40% possibility.
"An update from Jeremy Grantham"

From Northman Trader via ZeroHedge: 

On The Big Market Tops

Following the exuberance inwards Jan as well as subsequent corrective actions inwards Feb as well as March as well as straight off into Apr at that topographic point has been a lot of speculation that markets may cause got topped inwards this wheel or are inwards the procedure of topping. While net turn a profit are expected to striking tape highs inwards 2018 due to the recent revenue enhancement cuts much incertitude has crept into markets due to concerns of reduced liquidity offered yesteryear key banks, ascension rates into tape debt levels, tariff policies emerging as well as previous bulletproof tech stocks such equally $FB, $GOOGL as well as $AMZN entering a catamenia of unfavorable tidings cycles, inwards about cases of their ain making.

Given this backdrop I wanted to part about thoughts on marketplace tops as well as analyze if the lessons of previous large marketplace tops tin plough over the sack last informative for our electrical flow markets.

Firstly, let’s aspect at the electrical flow situation. What made the outset quarter notable was the rigid outperformance of the Nasdaq versus other indices. Specifically nosotros tin plough over the sack divulge that the Nasdaq made a novel high inwards March patch the $DJIA, for example, did not:

When to Sell inwards a Bull Market". 
Failure to retake the all-time highs inwards the S&P 500 (2,872.87) as well as DJIA (26,616.71) would last the set-up for the analogue.

DJIA  24,784.78
S&P    2,710.84
NDX    6,809.31

*On the other manus here's an instance of what incisive blueprint recognition tin plough over the sack accomplish. This nautical chart is from early on June 2007 as well as foresaw what was coming:

Jan. 20, 2009
Technical Analysis: S&P Black Swan Formation

"The rattling rare dark swan formation - Federal Reserve annotation both feet as well as cervix are consummate as well as the rare vampire molar variation is inwards place.  This is rattling bad. Very rattling bad."...

**The Rock Man Syndrome comes from a unopen reading of Harry Nilsson's The Point!:

...The Rock Man said, "Say, babe, at that topographic point ain't zilch pointless close this gig. The matter is you lot run across what you lot desire to run across as well as you lot listen what you lot desire to hear. You dig? Did you lot e'er run across Paris?"
"No."  

"Did you lot e'er run across New Delhi?"
"No."  

"Well, that's it. You run across what you lot desire to run across as well as you lot listen what you lot desire to hear." 

And alongside that the Rock Man savage soundly asleep...