This Chart Shows Retail Investors Going All-In Like Never Before
You piled into stocks in November, didn't you?
Just go ahead and admit it. You were lured by everything we described on Tuesday evening in "When Tailwinds Become Headwinds."
Your imaginations are filled with visions of blowoff tops, spectacular melt-ups, billion-dollar Bitcoin bonanzas, and tech rallies flying off into the wild blue yonder like an “unleashed” Icarus, whose wings refused to melt no matter how high he flew.
And who can blame you? You're force-fed a steady st
cue Mr. Burns: “exssssellent. I always like to get a high price when I sell overvalued much appreciated assets”
… or as noted by Ron White “you can’t fix stupid.”
What the heck is that SPX scale on the left side of the last graph? To what does it correlate?