@ukarlewitz
What mega-fund manager wouldn't be using this B wave correction to shift to cash? In fact, isn't that exactly what it's for? I'm pretty confident it is. Now we are in the distribution phase; choppy action for weeks, eventually back to highs, or more, THEN...goodnight, Irene...
@ukarlewitz
@asVitale
There is no fear...we are back near highs. Fear is not a buy the dip 30 day snapback...fear is when you buy the dip but it's a prolonged down cycle. Right now there is PEAK GREED. Narrative is now stocks will never go down bc of omnipotent fed and all drops return higher
@ukarlewitz
Maybe it is because sentiment got bearish over the short term only, not over the long term and all key valuation metrics never dropped enough or became attractive.