“If you live in a world where everyone assumes that everything goes up forever, then it is inconceivable that prices might go down. Big price changes occur when market participants are forced to reevaluate their prejudices, not necessarily because the world changes that much. The world really didn’t change that much in 2008. It was just that people finally noticed there was a problem.” ~ Colm O’Shea in Hedge Fund Market Wizards Summary: Positioning, breadth, internals, along with our various risk measures, remain supportive of the broader uptrend in stocks, albeit with increasing volatility — the smooth bull trend is ... (full story)