We have crossed the rubicon and are now at market levels where retail investors and permabear "professionals" who have been sitting on the sidelines during this most hated bull market in history are compelled to throw in the towel.
As they finally re-enter the market, it will lead to increased and I expect up to a 10% correction in the major US indexes in the first half of 2018.
Additionally the short trade is extremely lopsided and will not take much of an uptick to unravel.
While I do expect to increase significantly from major lows this year, it doesn't mean the major US stock indexes will be negative at year end. To the contrary, I expect more all time highs as the year progresses alongside an uptick which will be a scenario most have not seen often.