“There Are Too Many Warning Signs”: Why One Trader Thinks Stocks Are Set To Slide In The Coming Days

Stock markets look set to continue to slide in the days ahead.
There are too many small warning signs building up at a vulnerable time for markets. Just because a 3% correction hasn’t happened for a long time doesn’t mean that one isn’t possible. Quite to the contrary, it suggests there are a lot of complacent longs that may over-react to a pullback.
It’s also important to emphasize the proviso that the three pillars of the secular bull market remain solid: growth, earnings and liquidity. There’s no obvious reason to turn structurally bearish, but that’s not the same as thinking that every dip needs to be bought instantly.

This post was published at Zero Hedge on Nov 14, 2017.