The dumb money is stampeding off the cliff, led by trusted psychopaths, but they're too busy doing bong hits to notice...
Happy New Year from CNN!!!
Pot stocks are leading the list of New Year's highs. What else?
Happy New Year from CNN!!!
Pot stocks are leading the list of New Year's highs. What else?
"Previously, the Alternative Harvest ETF was known as the Latin America Real Estate ETF, a fund dedicated to high-yielding real estate investments in Latin America. Earlier this year, ETF Managers Group LLC announced it would be changing the fund's investment objective from Latin American real estate to marijuana."
Out of career preservation, hedge funds have morphed into mutual funds. Which means that anyone who can still fog a mirror is getting stampeded by dumb money...
"History suggests one should watch out for crowded stocks at the beginning of the year...after Dec. 31, fund managers "tend to rebalance after year-end"
"As Tech accounted for 38% of the S&P 500’s returns in 2017, the unwind - which has yet to come - will be especially violent and painful"
"not only is the exodus of funds out of active (and into passive) vehicles accelerating - with passive winning and active losing for most of the last 9 yrs - but the cumulative outflows from active funds since the great financial crisis are now approaching $1 trillion dollars"
Big money is hitting the dumb money bid...
The other strategy in play, is the "if you can't beat 'em, join 'em" hedge fund groupthink, at work.
If he's an investment genius, then why did he buy at $15,000 instead of $1? Was he waiting to see if it had true Ponzi value?
It's the fear of missing out. On Ponzi...
