Stocks are selling off today. The Dow is off by more than 100 points.
However, the Dow is also less than 300 points from its all-time high. So, some pundits might characterise today’s sell-off as “profit-taking.”
Time will tell if we’ve seen the top of the market.
But if stocks continue to sell, then there’s no doubt that some people will point to this week’s Barron’s cover as the sign of the top.
You see, a bullish cover story is often interpreted as an indication that bullishness has hit a high. And when it’s hit a high, then it can only go down from there.
Anyways, here’s the cover. And you can read their story at Barrons.com.