Complacency

I’m feeling like we’re at the crossroads of a big sentiment trade.  The market doesn’t owe you new highs because you were “brave” enough to buy the nuclear meltdown trade.  By the same token, like the market doesn’t owe you new lows because you were prudent when others were reckless.

Hopefully we have a little bit more two-way trade in the near term before we go back into grind mode.  I’m very cautious here.  Remember, the market owes you nothing.


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