Subscribe in a reader More pieces to the puzzle- sentiment indicators- pointing to a market pullback. However, this market continues to defy all the negatives thrown at it and climbs higher. All this does is stretch the rubber band more for a larger pullback, that is long overdue.
BofA Merrill Lynch Fund Manager Survey LINK
Wien: Liquidity Driving the Market: Taking a close look at the corporate environment, and how to play the markets, with Byron Wien, Blackstone Advisory Partners. "As long as money if flowing out of the Fed, stocks keep going higher," he says.
The S&P500 is trading about 10% to 12% above it's 200 day moving average. Whenever it gets to this extreme level historically it signals a sell.
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