Dumb beta visualized:
ZH June 6, 2016
But first, as expected, gamblers are celebrating the imploding economy...
Dumb beta visualized again:
When active management was imploded by Central Banks and HFT, it was only a matter of time before the Idiocracy's trusted advisors invented a way to rationalize away market risk, by calling it "smart beta" and "low volatility".
Zacks September 14, 2015
"Low-volatility ETFs are designed for investors who want exposure to stocks but do not want to take on too much risk."
"I would like to outperform the market with no risk please"
P/E ratio of Consumer staples aka. cereal and bread:
Exactly one year ago, this was "smart beta" in China. Thirty years ago, this was called 'a greater fools' market', also known as 'Momentum':