Over-Exposed
Image Source: Pexels
What this chart suggests is that, in times past when equity participation by the public was this high, the market entered a very lengthy period of just grinding away in a huge range. The point being, now that everyone has been sucked into the market, what’s going to drive it endlessly higher anymore?
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
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