Klay Thompson Goes Long Nasdaq

"... and guess what the most crowded trade is?"

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 investor, a high yield pirate surfing the illiquid seas of junk, and the proud owner of South Korean equities at a time when the entire country could be reduced to a smoldering pile of ash overnight.

All from the comfort of your home laptop and all while gorging yourself on string cheese as the Sesame Street characters on CNBC narrate your transformation from Home Depot floor manager to homemade hedge fund hero.

It’s so easy: just ask John Brown…


Again: “I love it when a plan comes together.”


1 comment on “Klay Thompson Goes Long Nasdaq

  1. 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.

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