One Side of the Boat is Getting VERY Crowded
The stock market looks great, but it is more vulnerable than most investors realize right now.
It was another narrow advance yesterday, but since they are less common than they have been in the past, it was still a good day for the stock market.
As we all know, valuation levels are a lousy timing tool. However, sentiment and positioning are better tools, so it’s not out of the question that today’s extreme readings on these issues could create a surprising (and material) pick up in volatility before year-end.
A quite salute to a Wall Street icon.
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