Starting on Dec. 22 (DJI close 17,959.44; S&P 2,078.54) we've been getting more cautious:
We continue to believe it's a bull market for the larger universe of equities but saw enough gloating, from folks who should know better, at the most recent downturn and v-shaped recovery* that we're starting to believe we may be beyond complacency and are approaching hubris. We will be dancing a bit closer to the fire door even as the band plays on....From FinViz:
Larger DJIA; S&P
More to come.
See also:
ConvergEx's 'Off The Grid Economic Indicators'
