Originally posted on 06/14/2018:

Quote Originally Posted by d2bets View Post
Maybe, but you could have said that a month ago also and it hasn't happened. Nasdaq up like 10% in the last 5 weeks. No promises here at all, but who says it can't run another 5-10%.
As a professional trader, I am willing to start betting against that 5 week move. Too many dreamers on the stock message boards. Everyone is ignoring inflationary data as well as the tightening labor market. Hard for this expansion to keep up when companies cannot find workers and are unwilling to raise wages. Anyone with an ARM, student loan or substantial credit card debt is going to start feeling the pain as the Fed is forced to raise rates. That means less money being spent on discretionary items.

For the cautious investors in the mix I suggest you start paying attention to the Restaurant Performance Index. The last major crash was precipitated by a decline in people eating out the year before. Combine that info with 10 year treasuries rising and SOXX falling and you may want to start protecting yourself to the down side. We are a ways off from another crash but it would be prudent to start looking at exit points.