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  • JPMorgan's Tom Lee - who turned bearish early this year before turning bullish by January's end - turns bearish again, seeing no catalyst for further gains, but plenty of "vulnerability" to downside surprises. Better entry points for new money, he says, will be found later in H1. Where can we apply for this job?  [View news story]
    the guy is constantly jumping off the cliff following the wind, except he's got a bungy cord for job security.
    Feb 24, 2013. 09:53 AM | Likes Like |Link to Comment
  • The recent drop in the VIX to below 15 is about the 5th time at that level in the last 2 years, notes MarketTech, and the other instances have indeed coincided with market tops. The pullback in the S&P 500 on the other 4 occasions tended to last for about 2 months and range from 6-19%.  [View news story]
    the market continues to creep up on a wall of worry and low volume. ...all it will take is one bit of really bad news (let's say Israel gets friskie with Iran, or we have larger jumps in unemployment than expected or declines in manufacturing) and the market will turn on itself if a heartbeat, with double digit declines back to 1289 support levels. But as others have stated before "I've been wrong before" (and it seems more recently in this contrarian market)
    Aug 18, 2012. 05:45 AM | Likes Like |Link to Comment