The smell in the air this holiday season is not turkey and apple pie. It’s aggression.
With the stock market nearing the end of a year that is much better than was expected — a year that has the major indexes sitting either at record highs or at their loftiest levels in years — even the worrywarts seem to have come out of the woodwork, and the expectations for 2014 seem to come in just two sizes, big and bigger.
In short, investors appear to be excited at just the wrong time.
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