Market Correction Goes Viral
Over the last few weeks, the message from the newsletter has been repetitive:
"The markets are overbought, overextended, overly complacent. A correction is coming so reduce and rebalance portfolio risks."
Despite those issues, the markets continued to push higher leaving readers with the assumption the "warnings" were wrong.
As noted last week, there have only been a few points over the previous 25 years where investors were so extremely lopsided in their positioning. We have shown many charts of investors being "all in" to equities over the last three weeks, but