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The Icarus Effect

It’s not different this time, it never has been. The historical script: Bulls take everything to ever more extremes and keep raising target prices along the way ignoring the technical charts that scream caution as technical disconnects keep stretching to historical extremes. Icarus flying to the sun with no consequences is the pervasive theme during each bubble.
I mean come on, this was the moment $AMZN peaked and has dropped 25% from since:

Buy, buy, buy and zero warning. Don’t ever sell. Right.

read more https://northmantrader.com/2018/11/20/the-icarus-effect/

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