Three Charts Show Dow, S&P 500 Overheating – And Wall Street is Freaking Out

Many market observers are pointing to recent trends in Wall Street’s ‘fear index’, the VIX

by Mark DeCambre
Market Watch

As the Dow industrials shift into hyperdrive, a sense of agita is rising rapidly on Wall Street.

A number of analysts and strategists over the past few days are cautioning that worrisome trends are starting to crop up as equities take the escalator higher, pointing to a market that is getting overheated.

On Wednesday, the Dow Jones Industrial Average DJIA, +0.19% were looking at their seventh record close in succession, which would be the longest string of all-time closing highs since the eight-session stretch ending March 15, 2013, according to Dow Jones data. The blue-chip gauge is on pace for its ninth gain in a row, also marking its longest win streak in about three years.

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