Whether it is at the Obama inauguration or further down the track, it is easy to see much back slapping as things appear a little better at some time.
The self congratulations abounding will be a great sell signal IMO regardless of whether it is just a severe pullback or a more likely a new leg down.
We all know that the US correction has about 9 more years to run like every other time, and although it won't be a one way street, it will be the traders who will fleece the investors for a long time.
A bull market did start in a year ending in "9" ONCE.
