...there's a time to join the crowd and there's a time not to join the crowd.
...we're no longer in the early innings of this rally, we could be on the cusp of the final innings
...when it ends, there could be a stampede, because
(1) there's a flurry of speculative gambling money in it desperate to get out
(2) I reckon a lot of newbies have also just entered, and they would be the first with cold feet
(3) the shorting hedge funds would simply exacerbate the volatility to the downside
...a safe passage is to leave the boat before (not after) the siren is made out to alert potential danger. We can't ever make enough. But it is always better to be on the right side.
$JPM's Cheng points out: "#Retail traders net bought $7.7B this past week, +2.4 standard deviations above the last 12M average". -
@themarketear
https://x.com/LanceRoberts/status/1773675251680887039?s=20
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...there's a time to join the crowd and there's a time not to...
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