Aside from all of the Squawk Box and Fast Money “professional traders” and “market experts” who have been on “high alert” [waiting for a correction] for the past several weeks, even the most blindsided bulls have to acknowledge that every nice move is followed by a pull back.
When considering the past 3 months gains’ of 20% plus, one doesn’t need to be a market historian to know that 20% gains are soon followed by profit taking. Tune in to this good piece.