Despite being all-in equities right now I’m still a big believer in Hyman Minsky’s Market Instability Hypothesis and yes, we’re now in what Minsky described as the Ponzi Investment phase.
Long term this comment will surely come back to haunt Mr. Jensen, short term I find hugely encouraging for continued market gains and short or long term, it’s all wildly entertaining and insanely fun.
Staying long, locking in gains and looking forward to more gains. It’s STILL FREE MONEY and it’s still just laying there waiting for someone to pick it up.
How can anybody not be enjoying this shit? This is a GREAT time to be alive.