Smart Money: If you don't know who the patsy is, you're the patsy
Many Happy Returns
Is There a Bubble in the Market?
In the US you've got a lot of retail engagement and even more now. I think increased flow of money from retail investors is a pretty good sign we're in a bubble isn't it? Oh yeah that's always a red flag and it's usually when valuations are also peaking or leading up to a big peak. But what usually happens is during one of these huge crazy rallies retail money floods into the market inevitably they get burnt when the bubble pops, he says.
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