Now that the market has successfully forced people to buy back in and sit at the tables again, I’m less enthusiastic at who’s now sitting across from me.
Leaving the week on a market milestone headline has me thinking about hedging up a bit…even though I’ve been buying and selling all week long.
I think this year, sentiment will be much easier to gauge. Last year was fairly easy, as I felt like the only bull left at the start of 2016…but as I’ve said, the market will have lots of fun welcoming in last years nonbelievers.
Start thinking in terms of pain trades this year and market action should be easier to gauge.
I’m in the process of building a retard-o-meter to gauge when the market has gotten to hyphy.
Have a pleasant weekend.
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