Speaking of herds, never mind the Newsweek cover posted a few days ago. I just spoke with my brother in law, who is a CFA. We talked about the markets a bit and are in alignment in viewpoints.
He is in a tough position because he is trying to do the right thing and remain cautious amid the euphoria, but he is under pressure from many clients who just cannot stand it anymore. They want IN or they want to be more in. They are missing all these gains, you see.
You see?
A classic setup states that these events can and often do go on longer than rational people would think, so shorting it is no slam dunk. But in the risk/reward realm, the bull trade is long since over.
Ding ding ding?
