Bear Tracks

(1) Goldman’s Bear-Market Risk Indicator and others like it suggest it may be time to get out of stocks. (2) By our count, there have been 61 panic attacks in this bull market, yet it is still making new highs. (3) The most obvious bear trap for the bull market is a recession. (4) Yet both leading and coincident indicators are still making record highs. (5) Current bull market charged right through 2015 growth recession and this year’s emerging markets crisis (so far). (6) Six good reasons to dump bonds and one really good reason to hold onto them (because doing so is still working!). (7) Movie review: “White Boy Rick” (+ +).