Tuesday, May 9, 2017

Complacent

The markets have moved into all-time high territory in the past few weeks.  Fear measurements have subsided.  Distribution is light.  Yesterday the market bobbed along at the flatline all day.  All seems calm.

A market that lacks fear is a market that often finds something to be fearful about-- as in a sharp sell-off.
Are we predicting that?  No.  But we are watchful.  For now, we're 100% invested.

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