The TradingEdge

[jxyzobrien]

CNBC buy everything
the coming pullback will not be the final high still in 5-3 up.
this is not the final high. too many new highs ETC.

"Only 'blind faith' could cause me to be long this market," says Doug Kass.

The legendary hedge fund manager took issue with CNBC's "buy everything" segment yesterday (also covered He pointed out all the political hurdles -- such as POTUS trying to glide his budget through -- that face this "priced to perfection" market)
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"For the markets to mount any positive return going forward, it can be argued that nearly everything must go right from now on. With valuations elevated on a historic basis, optimal outcomes must be achieved," said Kass, president at Seabreeze Partners Management.

Along with its ninth-straight record close on Wednesday, the DJIA managed its ninth-straight win in a row. The longest winning streak in the history of the Dow industrials was a 14-day run that ended June 14, 1897 .

chart of the day (will ask for email, i gave em one i don't use)
https://www.bespokepremium.com/think-big-blog/