(The WSJ is a great newspaper that has a lot more info than just financials. My wife loves the art and fashion pieces. My obligatory plug.)
1. There has been some meaningful technical deterioration in the market. Market leaders tech and biotech have become tech and bio-wrecks
The number of new highs has not broken out coincident with intraday all-time highs set last Friday in the S&P 500
The advance/decline line and up/down volume have not given extraordinarily positive signs amid the market's most recent rally.
2. There has been considerable froth in the IPO market, of late, often times a signature of a maturing bull-market move.” – Ron Insana. Commentary at…
MY COMMENT ON THE 3-PRIOR STORIES: I have long observed that when everyone thinks one thing will happen on Wall Street, the opposite is much more likely, i.e., the markets will probably go up to new all-time highs. When the consensus becomes the market can’t fail…look out!