Wall Street exists to sell us its products. And right now, retail investors are so greedy that they're buying whatever they can get their hands on. Lance Roberts and I discuss this in our weekly video.
And right now, retail investors are so greedy that they're buying whatever they can get their hands on.
So this is a "bonanza" time for Wall Street, says portfolio manager Lance Roberts, which is happily selling us all of the junk it ever wanted to unload.
Prices may continue for a good while longer, but be warned, says Lance: history is clear that periods of indiscriminate buying like this always end in tears.
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