Look Out Below

“E*Trade Babies Unafraid of Flash Boys as Trading Booms” says a headline this morning on Bloomberg. Gloating over stock gains in the momo darlings is legion. Of course, we’ve seen this before and know what it means. Look out below – st some point the boyz will say it’s over and pull the rug out. As John Hussman says, “The repeated belief that a crowd can exit through a mouse hole is really one of the wonders of human psychology.”

SandP1995-2014

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