Best paragraph of the weekend

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Assessing the current market, Barron’s writer Kopin Tan had possibly the single best paragraph of the weekend:

“So where does that leave us? Money managers love proclaiming that they’re long-term investors and not market-timers, but lately that’s a lie. Anyone sitting on stock-market gains and angling for more are, like Cinderella, dancing with their eyes on the clock. We want to wring the most out of this party, but leave before the bill for this revelry comes due. So we scour the credit markets for signs of a loss of confidence and economic-momentum gauges for the first whiff of a turn, while we watch commodity costs climb toward the day when the crowds might cringe.”