Semis Haven't Done This Since The Peak Of The DotCom Bubble; Pasquariello Warns "I Wouldn't Be Chasing This Market"

Headed into a big week, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, dropped a short take on the market this morning.

He begins with a simple statement of fact that many investors appear to be wresting with: The war is not over, and stocks are flying.