Bert Dohmen: 'This Is Very Much Like 2008' [SPDR S&P 500 ETF Trust] - Seeking Alpha

Bert Dohmen: 'This Is Very Much Like 2008' [SPDR S&P 500 ETF Trust] - Seeking Alpha



Here is a very good article on why stocks are at a market top.  The author mentions a distribution pattern where we have a large volume on down days that shows the institutions are selling.  Then, optimistic minded retail investors and dumb institutions are buying the dips, and stocks rise again on low volume.  After that, the smart money people unload another round of their stocks, and the pattern repeats. So, stocks don't go up very much overall.  Housing is also in bad shape, and that is another sign of a top in the stock market.