Two of the indicators related to the Dow and NYSE Advance-Decline went red for the week. The moving averages of the major indexes also ended down but did not break their moving average lines. Most likely things will be unsettled and we might get a bit of a bounce from all the year end mutual fund settlements.
Have you seen the movie "The Big Short"? It's a great movie about the last crash and drives home the importance of doing homework, real homework, bubbles and greed. Do we have any bubbles now? I think the last one was big pharma.
Be cautious.
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