Big Banks Have a Warning for the Bulls

Investors have recently developed an appetite for tech stocks that was last seen in 1999. They must be assuming that tech sector earnings will remain on a path of permanent growth. However, the upcoming second quarter earnings season could cause bulls to recognize that they’ve run the market up too far — well beyond earnings support.
If so, these stocks could quickly reverse their recent gains.

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Jim Rickards’ Project Prophesy


Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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