Greetings-
All kidding aside, we have reached another point of peril this week. Many individual investors are very bullish-positive (53.0%) and hardly any are bearish-negative (22.6%)
And they have been selling options because very few believe they need insurance for their portfolios of stocks.
It is likely no different this time than the last and there is a sharp correction coming. Head to the sidelines; cash out your winnings and wait for a dip.
Praemonitus, praemunitus…
Burnt children dread the fire…
A word to the wise is sufficient…
As a dog returns to his vomit so a fool repeats his folly.
(my personal favorite from King Solomon’s Proverbs)
Sell high, to preserve the right to buy low,
Leon
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