My thesis is based on 40 plus years of behavioral finance observations.
When people lose money (including institutions) they pull their funds out.
Not rocket science.
Am not for a minute suggesting the future of markets is a known quantity, but "don't fight the FED" for 20 years of easing down to ZIRP drove markets up. The FED is now on a mission to eradicate inflation Volker style (not A Burns). IMO this inflection point is irreversible and will lead markets down for a protracted period.
Under these conditions, active managers finally get a chance to employ risk managed positions rather than fight with the brainless flow of moey into rules based algorithms.
We can only know the outcome in a few years, so following pips over the next days, weeks or months is of absolutely no interest to me. I am an active investor who has done OK over the years. Just saying.
Hope this clarifies my position for anyone who may be interested (or not).
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B |
Open | High | Low | Value | Volume |
$10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2494 | $9.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.00 | 45242 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 9.890 |
1 | 1400 | 9.720 |
1 | 750 | 9.700 |
1 | 105 | 9.600 |
2 | 309 | 9.550 |
Price($) | Vol. | No. |
---|---|---|
10.000 | 500 | 1 |
10.080 | 481 | 1 |
10.100 | 4700 | 1 |
10.150 | 4677 | 3 |
10.180 | 3500 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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