I've made a name for myself being as bullish as anyone over the last 10 years...
I called the 2009 market bottom nearly to the day right here in DailyWealth. And since then, I've pounded the table on stocks year after year.
It wasn't always easy, but it was the right call. The S&P 500 has returned more than 400% since then, including dividends. And I've consistently told readers to stay long as we hit new high after new high.
I want to make one thing clear, though – I'm no perma-bull. I know this bull market will end... and that it could happen soon.
In fact, one indicator makes me cautious today. The odds of a recession are as high as we've seen since 2007. And that means poor returns could be on the way.
Let me explain...
The Federal Reserve Bank of New York is worried.