One Trader Urges “Extreme Caution”

Jon Alternative Media, Blogosphere, Economy

Something has changed. While stocks are exhibiting their usual BTFD patterns still, other asset classes are not playing along – most notably the junk bond market and the sovereign yield curve. Furthermore, while a few megacaps continue to rise ubiquitously, small caps have suffered and breadth is terrible. As former fund manager Richard Breslow warns, “sometimes markets look really bad and it’s prudent to exhibit extreme caution.”

This post was published at Zero Hedge on Nov 10, 2017.