by Lance Roberts
Real Investment Advice
This past week, the markets rallied sharply from last week’s lows sending the “bulls” stampeding into the market with claims the market is back. To wit:
“Hold on to your hats, folks.
According to Andrew Adams, a market strategist at Raymond James, there exists a perfect mix of conditions that could send stocks on a ride up, up, and up.
In a note out Thursday, Adams noted that there was a significant shift of investors from the stock market to ‘safer’ assets. Eventually this move to the sidelines will have to change.“
The problem is that Adams is incorrect about the “cash on the sidelines” theory. As Cliff Asness penned previously: