The current rally is getting into dangerous territory. Even if you’re bullish, you might want to place some stops, or sell over-extended positions.
Sentiment is getting overly optimistic. Lot’s of “geniuses” the past few weeks, are patting themselves on the back for buying stocks in March.
While the rally could have some more room, you might want to get positioned a bit closer to the EXIT… If/when the inevitable correction comes, it will be ugly as newly-minted bulls panic, and expect the worst.
Two smart opinions:
Doug Kass
