No high fives here. I am just calling the market as it moves. My biggest fear is that this will be far worse than anyone imagined. Nevertheless, it is prudent to observe the fundamentals and make moves to protect yourself. If you are searching for insight on the future, review the economic signals. Basically, without jobs, income growth, and consumer spending, you have no basis for expansion. Notice, easy money is not a driver of true growth.
Central banks are removing liquidity. You cannot twist this any other way--it is very bad for assets.
Perhaps I should have written "Don't kick the man, socal."
as that is where I was heading.
Again, I have said it a thousand times; we are entering a period of higher risk. Revert to fundamentals and don't swing so hard, lest one miss the ball entirely.