But don´t worry: Jamie Dimon says economy is doing "ok".....Yikes, I would like to have his balance sheet.....
Lots of folks are buying all they can on credit because they sense the end is near. If you do not live in the country you do not stand a chance. The Living Dead is coming for you. Carnage and chaos for all. Live it up. Can't last much longer. All you have to do is look at our leaders.
I think the more interesting (perhaps leading) metric might be the number of major-exchange-listed securities that have performed reverse splits in order to keep themselves listed (at least on US exchanges, that have a $1 stock price limit). I avoid stocks that have done a) Reverse Splits b) transitioned from being an OTC security to an exchange-listed security, or c) have been Blank Check Companies (this includes SPACs) for at least 9 months prior. And as soon as company transitions from exchange-listed security to OTC, in the absence of other signals (trailing stops etc.) it's a significant sign to exit that position. There are exceptions, but very very few. All of the above can be incorporated into systematic trading fairly easily.