Comment by gizajob
There’s been loads of these signals and the market keeps ignoring them.
There’s been loads of these signals and the market keeps ignoring them.
Exactly. The opportunity set isnt large.
The best play for all portfolio managers is to froth up the stock price and take their returns later.
Everyone knows this a bubble but the returns at the end of this of those who time it are juicy - portfolio managers have no choice to be in this game because those who supply the money they invest on their behalf, demand it.
Its that simple.
I will always remember Jim Cramer's melt down https://youtu.be/SWksEJQEYVU
Not saying that will happen, but it's always good to rewatch just as a reminder how bad things can get.
Because everyone knows that there’s no where else to go.