Good Thursday morning. Yesterday we talked about the “return of the bears” following a whole 1.5 days of selling pressure. Their permabear folly would be entertaining if there weren’t good people being impacted by their unending negativity towards this generational bull market. We continue to witness textbook (early) bull market action. This is exactly the investor sentiment you want to see, if you’re bullish. 

It’s our sincere hope that this negative investor sentiment lives on for as long as possible, because when the biggest of the permabears start flipping from bearish to bullish, the VRA will look to begin taking profits. 

Pauses and shakeouts happen all the time. They are normal and part of a healthy bull market. However, from the birth of this generational bull market there’s been one theme that’s worked better than all others; “buy the dip” has continued to be the smartest of smart money strategies. And yes, the dips are getting shorter and shorter…might this have somethi...