Waiting for the inevitable mean reversion of this epic Fed-led speculative episode can feel tedious (if we let it). Seeing familiar false prophets (who have already been revealed as unworthy leaders several times over the past 15 years), paraded like heroes is emblematic of foolish times. But the payoff for those with patience and the discipline of a value-based rule set promises to be one for the history books.
Given the condition
s we are presented with, each adult must pick their own strategy, and run this race his or her own way.
But we should make no mistake–this is no sprint. Secular bears are a long, hilly marathon–the triumph of endurance over speed, mind over ego.
Carter Worth, chief market technician at Sterne Agee, says that despite what the U.S. market cap may suggest, small and mid-size groups are “starting to falter”.Here is a direct video link.
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