Joshua M Brown

T Shirt Time for the Bulls

Bulls who had been heretofore stunned by the springtime euro shock that threatened to derail the rally spent the bulk of the summer with their heads down. They may have been buying, but they certainly weren’t bragging about it. In fact, some of the most-respected market commentators and traders I follow wore their large cash positions and their admissions of uncertainty like basges of honor. Until two weeks ago, it was hip to be scared.