Well, it seems we have a new phenomenon in the stock market…
It’s called, ‘Who’s the dumb money?’
It used to be shoe-shine boys in 1929, when Kennedy stopped buying stocks and made his fortune buying them at the bottom.
I remember, during the tech bubble, taxi drivers were telling me what to buy.
It used to be that they were the dumb money…the suckers piling in at the top of the bubble only to have their feet swept out from under them.
Guess who’s the dumb money now…
I’ll tell you in today’s video.
We began talking about this shift in dumb money in March 2018 already.
So, what created it?
What’s driving it?
And why is it so dangerous?
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