Good Tuesday morning. With the Dow Jones hitting ATH’s (crossing 38,000 for the first time), combined with our VRA leading indicators Semis, Housing and Tech (Nasdaq 100) having also hit ATH's…and now the largest and most important equity index on the planet, the S&P 500, closing at all-time highs again yesterday…that sound you should continue to hear is investor’s opening their brokerage account and 401k statements and realizing their exposure to the stock market is likely too low.

Once we hit all-time highs in an index (or a stock), every investor with a position in that investment is in the green, a powerful motivating force that tends to result in continued “higher highs”. As Tyler explained on his VRA Investing Podcast yesterday, “new highs beget new highs”.

As my first mentor Ted Parsons liked to say “bull markets don’t really even start until we hit new all-time highs. That’s when the real party starts.” Ted left us some time ago but I believe he’d be aggressively long...