THE SERIAL KILLER OF BULL MARKETS

Gosh, it’s tough to buy risk-assets up here. No doubt about it. Practically every chart I dial, the stock looks like it is up on a stick. I stare at the lines on the screen, and wonder why I didn’t buy more at lower prices. The rip we have experienced over the past nine months is absolutely astounding. But now, we are so overbought, it hurts. I li…