Look around. At work, observe your management, staff, and coworkers. Stand back and observe shoppers in the retail stores you visit. Observe traffic flows while you drive. Observe the chaos of drivers ignoring stop signs, red lights, and speed limits.
Each environment displays its own variety of chaos and discontent. Each subculture indicates the tenor of the macro culture.
Our world has become an ongoing Psychology Today comic strip, emotionalized, self-involved, lost in the chaos it realizes exists but cannot punch its way out of. Many long-time trusted market indicators, including the seemingly irrelevant subcultures alluded to above, scream for wise people to exit stock markets, housing markets, and any subculture where trust and rational behavior of counter parties is required to ensure rational, reasonable pricing and follow through without abrogation.
Every market is corrupted by emotionalized, confused, lost juveniles. Inexperience and short-term objectives reign as major decision forces. Many astute analysts see the signs based upon their favored indicators.
Some analysts use technical indicators, some use fundamental indicators, some use both, but asset deflation is the operative force… and a potent lack of trust is omnipresent.