Ameritrade CEO: There Is An Enormous Amount Of Retail Money Coming Into The Market
"It's been an amazing ride"
Way back in Y2K, the Nasdaq capped off an amazing 14 month run with a parabolic blow-off top into early 2000. Then it vertical imploded, but rallied back for one more lower high in March 2000 before final imploding. Ah yes, good times...
Deja Vu 2018:
Of course, the gamblers driving the last leg of this rally were in kindergarten during Y2K, which is why they have not the slightest clue how this ends. And Zerohedge is taking the year off to look for missing UFOs, so they're of no help.
"The rise in volatility has also made people more aware of the possibility for large-scale gains, attracting once-skeptical investors who may have sat out of the nine-year bull market"
He also said that bonds are much riskier than stocks
In other words, the adults have left the building