Looking for a pullback soon

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Today is another busy day for me. Never mind. The world has become risk seeking instead of risk averse. It appears that many investors seem to be more worried about missing out than worried about losing their money. The same must-buy mentality that existed in Bitcoin at the top now rules stock markets. Why not? Brokers are raising price targets.

After being absent for a decade, the “dumb money” is finally coming back into the markets. “Dumb money,” as all seasoned veterans know, are individual retail investors and they have a bad habit of only buying at market tops.

Stock markets are accelerating so we know that a reversion towards the mean is inevitable at some stage. If the next correction is led by Wall Street it will have a knock-on effect on other markets. It has the capacity to lead to a choppy medium-term correction that could last months with higher volatility. Things will have a shake out and I am looking to buy on dips for new money.

Elsewhere, in this VIDEO, Charles Sizemore of Sizemore Capital Management says the current market has the same feel as the 1990s and may have more room to run. What do you think?

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