Ahead of the FOMC meetings, Cuttone & Co.’s Bernie McSherry wonders if it's time to book...

|By:, SA News Editor

Ahead of the FOMC meetings, Cuttone & Co.’s Bernie McSherry wonders if it's time to book profits: "Large numbers of professional traders have come to believe that the market’s current trajectory is unsustainable," he says. "Any indication that economic strength may lead the Fed to curtail its stimulus activities could be the perfect opportunity to sell to late arriving retail investors excited by burgeoning signs of recovery."