Catatonic
If there’s one thing – – just one thing – – to remember as we move through 2018, it is this: bull markets die on good news, not bad news. With all the sunshine and flowers kicking around – -massive tax cuts, bonuses being handed out to American workers by the truckload, worldwide peace, and even talk of North and South Korea reuniting – – just keep that thought in mind.
I offer you Exhibit A this morning:
Pretty breathless, huh? And how’s it going with CAT, then?
(Click on image to enlarge)
And that, in a nutshell, is where we are at. The unicorns and rainbows are fully priced in. We are priced for perfection. And then some.
Disclaimer: This is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. Before selling or buying any stock or other investment you should consult ...
more