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Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns
Is the Smart Money Outperforming the Dumb Money?
A high net worth individual or an accredited investor doesn't necessarily make you smart money. There are various little indicators people have come up with to try and tease out what the smart money's up to at any one point in time. The idea is that the dumb money trade based on emotion or news flow trade just as markets open and then theSmart Money trades at the end of the day.
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