Perhaps there may be some wisdom in locating the best small - cap exchange - traded fund for a slower growth, maturing bull market economy. (etfexpert.com)
On the other hand, my recent defensiveness — particularly since March 2012 (near 1400 on the S&P 500)-- is a defensiveness that is likely to be repeated in any future mature bull market advance where conditions become as strenuously overvalued, overbought, and overbullish as they are today. (hussmanfunds.net)
But variations in the tone and extent of that bullishness can be informative, especially when the consensus is extremely optimistic at new highs of mature bull markets, and defensive at new lows of mature bear markets. (hussman.net)