We had a couple of warning signs.
I have sold out of many long-standing long positions.
The market's P/E ratio appears to be stretched.
We should not put too much faith in the opinions and/or actions of Bernanke and other government officials.
QE is failing at having the trickle-down impact to the middle class in America, and the savings class is getting robbed.
He almost said that that the Fed was 'pushing' on a string!
The S&P 500 is outperforming the Nasdaq.
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