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Michael Sincere’s Long-Term Trader: What you need to do now before the stock market’s inevitable tumble

A touch of reality has hit the markets but investors are still in the “Twilight Zone.”

Although the bubble was nicked slightly, there’s still evidence of the euphoric stages of this nine-year U.S. bull market. The market is at levels that are, to put it bluntly, statistically stupid. For example, the S&P 500 SPX, -0.06% doubled its old high in less than two years, a remarkable achievement.

Lance Roberts, portfolio manager and market technician at realinvestmentadvice.com, recently wrote: “Currently, the market is pushing towards 4-standard deviations (99.9 percentile) above the 52-week mean…this is ‘rarefied air’ for the market historically.

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