The markets haven’t had a classic correction — down 10% or more — in two years (and only that recently if we count a 9.9% drop in Spring 2012). Five years into the bull market Randy Frederick argues it is time to remove some “exuberance” and “frothiness” from the market. 

Frederick, Managing Director of Trading and Derivatives at the Schwab Center for Financial Research, warned of a coming correction encouraging traders to consider profit taking and adding hedges. He wrote, “For the past month, economic indicators have been flashing clear and consistent warning signs that a correction—or at least a sizable pullback—is coming

SEC Halts Trading in GrowLife As Pot Stocks Get Crushed

The Securities & Exchange Commission appears to be waging a limited crack down on the trading of so-called pot stocks that has caused some of the most popularly-traded stocks in the controversial sector to crash on Thursday. 

“Perhaps the most incredible part of the pot stock boom: Even though the Obama Administration says it will not enforce the Controlled Substances Act in states with a robust regulatory regime, marijuana remains illegal under federal law. “You can’t have an industry where they say, ‘We can put you in jail for the rest of your life, but we probably won’t today,’?” says Sam Kamin, a University of Denver law professor. “Who would invest in that? Who would put their money in that in terms of raising capital?”

continue reading HERE (you will find 2 articles on the same page. Scroll down to read another titled “Inside The Pot Stock Bubble”