Yes, I do. There seems to be a general sense of complacency at the moment. I think because we have been bombarded with bad news after bad news. Investors seem to have become inured to bad news - and now just cast it off. If anything, the downside risk looks a lot worse than most are willing to admit. We all know fund managers aren't in the business of convincing people not to invest. It's all about the sales pitch, which often means downplaying the risks. I can't think of a more important time in the last 15 years to be with someone offering downside protection. If you are with a long only fund, whether it be active or passive, it's going to be painful IMO.
VG1 Price at posting:
$1.56 Sentiment: None Disclosure: Held
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