Loading ...the fact that bonds/notes rallied strongly after the rate hike yesterday. That means that stocks will shortly start a big decline—more than 20%-I will start accumulating stock mkt puts today and tomorrow-tomorrow’s triple witch, ain’t it?]
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We have seen this before.
There was no catalyst that we know of that burst the dot-com bubble in 2000. There was no catalyst that started the slide in the markets in 2008 until it triggered the Lehman bankruptcy and “all hell broke loose.”
Today, we once again have exuberance present and there is a widespread belief that nothing will stop this runaway train.
But eventually, for whatever reason, the market will top. It is impossible to predict when, or how it will happen. It just most assuredly will, and will do so just as everything seems to be its brightest.
It will be the rudest of awakenings for the slumbering bulls.
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