Crude oil bottom and time to reduce exposure to stocks [VIDEO]
If we're seeing this sort of activity in the crude market, this sort of rapid rise higher predicated upon the problems in the Mideast ... it does make it more difficult to be bullish on stocks. It's probably time to be less bullish [on stocks]. It's probably time to be less involved. It's probably time to reduce one's exposure a bit. We have some problems here. We may well have an interim top of some sort. We've seen far too little leadership on the upside, far too much parabolic toppy-type action in the biochemicals, in the pharma's. That sort of activity bothers me greatly.