Steven Russolillo at WSJ writes on the latest morning note from Nicholas Colas, chief market strategist at ConvergEx Group:
Colas says he believe stocks are “clearly setup for a pullback” over the next month, given the strong complacency that has engulfed investors of all stripes. That said, he says stocks still look attractive over a longer-term time horizon.
via For Stocks, Are Record Highs Warranted? – MarketBeat – WSJ.