Didnt say that Caylus, just that trends can go longer than would seem reasonable and towards the end its almost almost people "panic" buying/selling through fear. Imagine if you were a fundie and didnt beleive this rally only to see the XJO break 4000 and you are underinvested. You're going put 'some' money to work.... times this by a thousand managers and thats some buying power.
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