Nov 14/14 – “So bullish it hurts” – famous last words?

The Market Gods are by no means benevolent deities. In fact, they are just the opposite. They border on cruel – taking pleasure in making as many traders look as foolish as possible as often as they can. And the more confident the market call, the more certain that the Gods are going to remind you of their wicked power.

Therefore I winced when the UBS St…