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No. of Recommendations: 21
Bloomberg interview with Jeremy Grantham yesterday:
He's still crying wolf.
https://www.youtube.com/watch?v=JlEGU2ypr1Q


An interesting snip from that:
"I think the peak of crazy behaviour is behind us. I think we're now in the buy-the-dip mode,
which the super bubbles specialize in. You don't have two years of buying frenzy dying overnight, typically"


Consistent with that, I just read that small US retail accounts were net buyers of both US equities and equity ETFs every trading day so far this year.
And all but two of those days were at higher dollar rates of buying than the 2021 average.

I've always liked this graph.
I'm sure much of it is dangerous oversimplification, but it's easy to see bits of truth in it.
https://en.wikipedia.org/wiki/Jean-Paul_Rodrigue#/media/File...
In effect, the comment above suggests that the retail hordes are getting lined up for the bull trap.

Jim
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