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Another rough day for the bears. U.S. stocks are surging higher again today, sending the S&P 500 and Nasdaq to new record highs. That said, here's a cautionary observation from Hedgeye CEO Keith McCullough on The Macro Show this morning.

“You’ll note that I haven’t shorted the S&P 500 yet. You’ll also note that our model from a Quad perspective is saying the S&P 500 is not where you want to be, certainly in Q4, when you’re in the 4th quadrant. In the 3rd quadrant, a lot of things work don’t forget. That’s why I haven’t shorted the S&P 500. I am getting ready to short the S&P 500.”

In the meantime, below are a dozen of our cartoonist's Bob Rich's best.

#1

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz2

#2

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz 1

#3

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz4

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12 Funny Cartoons for a Gravity-Defying Stock Market - zaz5

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12 Funny Cartoons for a Gravity-Defying Stock Market - zaz3

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12 Funny Cartoons for a Gravity-Defying Stock Market - zaz6

#7

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz7

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12 Funny Cartoons for a Gravity-Defying Stock Market - zaz8

#9

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz9

#10

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz10

#11

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz11

#12

12 Funny Cartoons for a Gravity-Defying Stock Market - zaz12

12 Funny Cartoons for a Gravity-Defying Stock Market - cartoon of the day