Futures

Monday morning futures point to an upward move at the open.
We are at all-time high levels in most indexes.

The old phrase, "the markets climb a wall of worry" comes to mind.

Worries? We have a few.... floods and wind damage, stalled tax reform in DC, a belligerent dictator in Asia threatening neighbors and beyond with nuclear tipped missiles, and, not least, a large number of distribution days in the S&P 500 and NASDAQ.

Why is the adage about wall climbing proven by experience? Because, for every buyer there must be a seller.  Worry promotes selling.  Markets tend to roll over when the herd thinks everything will go up forever and nobody, therefore, wishes to sell.

For now, we're still in.