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Klay Thompson Goes Long Nasdaq
I love it when a plan comes together.
-- Colonel John "Hannibal" Smith
BofAML is out with their latest global fund manager survey (these are always fun because almost invariably, they suggest people are piling into the same trades they say are crowded) and guess what the most crowded trade is?
Here you go:
Got that?
Now recall what we said about 12 hours ago. To wit:
Thanks the rampant proliferation of ETFs, you can simultaneously be an armchair vol. seller, an EM bond investo
He must have gone to the Paul Krugman school of market theory. Zero basis in reality.
Klay needs to stick to throwing balls and Krugman needs to stick to harassing women.