Over the weekend, we excerpted from the latest note by One River Asset Management's Eric Peters who laid out what the next leg in the market could very well look like. Quoting an asset manager, sentiment was summarized as follows: a parabolic rip higher...
"Still nosebleed long... Bought more stocks, and now I’m buying bonds. Not as a hedge, they’re both going up. The Baby Boomers are still too nervous about this market, Gaza, Russia, China, Iran. They got trillions sitting in money market funds. But at some point, as stocks rally, these Boomers are going to get FOMO. That’s when the last leg higher takes off. It’ll be parabolic. The talking heads will go nuts. VIX will hit 10.”
... followed by a jarring crash:
