I am getting very, very exciting about what I am seeing in The major global asset markets..... we are going to have some very exciting times in the next 90 days.

I have never been interested in UXVY and always felt it was a waste of money...... and I am just starting to get interested in maybe putting a very small asset allocation in it..... look at all of the volume coming into this ETF..... is the the dumb money or the Smart Money? It might just be some smart money showing up in
this recently

You have never, ever seen me even contemplate these typical value traps.

The market may appear to be shrugging off escalating tensions with North Korea, but Wall Street strategist Thomas Lee believes investors shouldn't get too comfortable.

Lee, who had been one of the Street's most bullish strategists but is now among its most bearish, doesn't see a great risk reward and is urging clients to use discipline in the stock market.

"What gets us worried is that these geopolitical tensions have a chance of escalating at a time when I think Washington is not running like a smooth machine," Fundstrat Global Advisors' co-founder said Wednesday on CNBC's " Trading Nation."

"With a fiscal cliff coming and some major reform bills that investors have been banking on, I think it does create sort of the kind of headline events that could end up triggering a big jump in volatility."

The major indexes are coming off their second negative session in a row. The S&P 500, Dow and Nasdaq fell by fractions of a percent, but they're still up at least 15 percent since the November presidential election.

"You'd expect investors to be taking some action. I think it really speaks to ownership of the equity market today — that passive funds aren't necessarily going to react to headlines like this," said Lee.

He expects the S&P 500 to fall by 8 percent to 2275 by year's end and doesn't see any major catalysts to drive stocks higher.