Mike Santoli's market notes: Lethargic at highs, Bob Dylan indicator, big options speculation

newly bullish – over-extended indexes, crowded bullish thesis, momentum flagging a bit – but a perfectly comfortable time to stay on the bullish side if already there.

The makings for some kind of pause/pullback remain in place – though all of it is visible to everyone . So how much of a surprise would a pullback be to most here? And with the consensus professing a desire to buy it, makes the game theory analysis of who needs what to happen when a bit muddled.

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