I like the behavioral signs pointed out in this article - of both people and organizations. The signs of a bubble are becoming much more pronounced than 3 or 4

I like the behavioral signs pointed out in this article - of both people and organizations. The signs of a bubble are becoming much more pronounced than 3 or 4 years ago. Add to that the temporary yield curve inversion a few months ago, and again this week. Along with negative 10-year yields in Germany today... I took a large hedge against a recession in my portfolio today because I think this one can be severe given the amount of QE.