Loading ...Speculators (and people who don’t think of themselves as speculators) are massively positioned long equities. The trend (on a variety of timelines) has been their friend. It may well continue. But I couldn’t help noticing that “retail” has been coming into the market in size lately – and I hear the echo of Bob Farrell reminding us that the public always buys the most at the top.
Be careful out there.Fr