What a Market Top Looks Like...’Larry Fink’

This weekend is full of stupid ass headlines from the likes of Barron’s, on ‘Dow 15,000’ and Larry Fink of Blackrock saying ‘be 100 percent in equities’. Back in October they were nowhere to be found and their silence along with the Goldman downgrade of GDP made things ripe for a bottom.

Predictions are always dumb and for a guy like Larry Fink to be making broad allocation predictions seems over the top.

Twitter is likely trading at 40 times NEXT year’s revenues. Goldman and Morgan bankers are taking Facebook public, but can’t use the product.

Greece and Europe is still an implosion waiting to happen.

There are thousands of startups run by kids under 25. They have never made a sale.

The monthly charts of growth stocks are rising as steeply as they did in 1999 (this time with revenue and profits for the most part).

I think data/biotech is this decades big catalyst so I am not expecting the end of the world on our next big selloff, but it sure feels closer to a top than it does to a place where I want to be long 100 percent equities.