Markets Are Virtually Risk-Free

For the last year, I have been looking for what we classify as a wave (3) to strike the 2500SPX region. And, now, we are getting quite close.
Meanwhile, this rally has brought out two camps of market expectations at this juncture, both of which I believe are wearing blinders. We read about those who believe the markets basically have no limit to their upside, and are “virtually risk-free,” and we read those who have “known” that the market will imminently crash during this entire 40% rally since February 2016.
Do you know who Goldilocks is?
Yes, the quote in the title of my article was actually posted by an “analyst” this past Friday. And it seems more and more are taking this view of the market. Why not? The market can’t seem to pullback, so they must be right. Right?
I wrote this not too long ago, but allow me to refresh your memory:
As George Santayana wisely said, ‘Those who do not remember the past are condemned to repeat it.’ And, it seems that Ms. Yellen is forgetting her history.
One of the key factors in signaling a major market top is the expectation by the masses that one cannot happen. And, anyone that knows their history knows this to be true.

This post was published at GoldSeek on 2 August 2017.