Let's Be Careful Out There

The "easy" money may be over for a while.

Those of you of a certain age will understand the significance of this GIF.

It’s true that one day doesn’t change a market - unless of course that day is October 19th, 1987, when the market dropped 23% in one day - but that reversal day on Friday was pretty nasty.

And given the run we've had over the past few weeks, months, hell, basically since the first…