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Quote of the Day

"This, too, shall pass" is a great mindset after periods of both losing and winning. Imagine the surgeon about to operate. You don't want that surgeon to be wildly excited and overconfident, and you don't want that surgeon to be fearful and hesitant."

(Brett Steenbarger)

Chart of the Day

Portfolio managers got really bearish on equities in the June BAML report.

(fat-pitch.blogspot.com)