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A One-Way Bet: “People Are Waist Deep For The First Time”
Well, this is probably not what you want.
People went toe in the water, knee in the water and now many are probably above the waist for the first time.
That's from JJ Kinahan, chief market strategist at TD Ameritrade and he's talking about TD's Investor Movement Index, which just hit a fresh high in data going back to 2010.
As WSJ notes, "the index tracks investors’ exposure to stocks and bonds to gauge their sentiment." And by "investors", they mean retail investors. Have a look at this m
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