The Smart Money is "Selling Everything That's Not Nailed Down"

``Two years ago, Apollo Global Management (APO) founder Leon Black made headlines when he said his firm was unloading assets due to rising valuations. Specifically, he said that Apollo was selling "everything that's not nailed down." Apollo is one of the largest PE firms in the world. Other big PE firms are now following Apollo's lead. They're selling because they're worried that US markets are expensive. The S&P 500 has now rallied 204% since bottoming in March 2009. And it hasn't had a 10% correction in more than three years.''