This is why you should always ready ZH in context.
Look at the left hand axis, its the nominal value of the S&P 500. The right hand axis is the change
in the OECD's leading economic indicator statistic for the US. Yea, it had a crazy convergence in 2011, but guess what happened in 2012? It didn't. Dan Ivandjiiski is an absolute boss at cherry picking information to get the fear mongering going, he also got busted for insider trading back in the 90's which is why he has a lot of time to cherry pick.
This isn't anything new, we have the largest divergence between economics and markets, from my belief but I need to confirm, in the history of the world. Kind of what happens whenever the largest players in the market have a hypothetically unlimited bank account. It's a game of musical chairs right now, and the hope is that the conductor can play just long enough to add some chairs back to the circle before the music stops. The question is do we have more chairs to add or not, even though these charts suck my belief is more to the latter. That being said, we've thought that for a long time. Doesn't mean you still can't get positive investment returns. The best market environment is when some are scared and some aren't. When everyone is euphoric or scared bad things happen.
This post was edited on 5/3 at 7:59 am