Definitely a risk on day, people piling into the market at all time highs. To quote Buffett, be greedy when others are fearful and fearful when others are greedy. I think we are approaching the latter.

I am sitting on my hands and letting theta work but am actually starting to look for some potential hedges that could pop in value if/when we get reversal and pull back. Not saying it would be big, but this is not going to end well for people that are just getting into the market at all time highs.