In One Chart: This chart screams ‘get out of the market!’

If you’re looking for warning signs in this market, you don’t have to look too far. The Fed winds are no longer at our backs, equity valuations are getting increasingly stretched, and the political climate isn’t exactly stable, to name just a few.

Yet, investors continue to feast on a steady diet of new highs, with the Dow DJIA, +0.61% breaking into uncharted territory on Monday.

Not a huge surprise, really. As Bob Farrell, the Merrill Lynch BAC, +1.73% investing legend, once said about stock-market trends: “The public buys the most at the top and the least at the bottom.

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