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The S&P just hit a new all-time high for 5 straight days over the past week.

It missed doing so again on Friday by the thinnest of whiskers (0.07%)

Portfolio manager Lance Roberts says it’s clear we’re now in what’s called a “bullish stampede” in stocks, where rising prices entice more investors into the market, leading to even higher prices, and so on…

It’s a lot of fun if you’re long.

But realize that pure emotion is driving the action, not logic.

Which is why bullish stampedes tend to be short-lived (a few weeks, maybe) and often end by reversing into a bearish stampede.

Should investors try to ride these manic trends for all their worth?

Or step aside of the stampede?

In this video Lance’s shares his thoughts, as well as the trades his firm made this week.

#stocks #bullmarket #bearmarket