TOP SIGNS 📉 1. Large Number of IPO 2. Rapidly Rising Prices 3. High Merger & Acquisition Activity 4. Easy Availability of Credit 5. Optimistic Covers of Newspapers & Magazines 6. Higher Than Average Trading Volumes 7. Historically High Valuation Multiples 8. Art & Luxury Markets Booming 9. Financial Media Viewership Soars 10. "This Time is Different" Declared 11. Amateur Investors Move To Equities Asset Class 12. Speculative Assets Prices Spike 13. Record Venture Capital Funding BOTTOM SIGNS 📈 1. No Mergers and Acquisitions 2. No IPOs 3. Low Venture Capital Funding 4. Historically Low Price/E & EV/EBITDA Multiples 5. Many Companies Trading Below Book Value 6. Speculate Asset Prices Down Huge 7. Central Banks Easing for 6+ Months 8. Recession Officially Declared 9. Previously Favorite Sectors are Hated 10. Credit Only Available to High-Quality Borrowers 11. Amateur Investors are Filled with Caution 12. Negative Covers of Newspapers and Magazines 13. Negative and Depressed Consumer Sentiment Do you see more top or bottom signs right now? Source : Brian Feroldi, LinkedIn