When you have many pinning their hopes purely on 'Santa Claus' you have to be somewhat cautious after the run we've had.
The market is thinking we could see the cylically focused stocks actually record sales growth of 5%, which could mark and inflection point..its not just financials
For sure. going to be taking more cab rides to gauge a sense if I should pile into shorts!!
Comments earlier today about waiting for earnings to pick up resonate strongly with me. The asset price inflation on the back of govt stimulus makes me pretty nervous, especially when majority of people seem to be bullish. I may be sitting this one out for the moment...