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Frankly, you give this diaper wearer too much credit. My bet is that his false bravado will burst more sooner than later and he will bail. But, the bottom will be a long way off from that moment. With the market, its always pays to be looking out to left field. But, just when you think tyour bases are covered and all is in control, if you are looking left, then an incoming projectile will strike from center or right. He falsely presumes that the money will continue to flow into mutual funds and moreover he falsely presumes that even if it does, stocks will continue to go up or hold. A guy like him is making so many unknown and incorrect assumptions .And, many, many people think similarly. They bought into the incredible self reinforcing vested interest greed machine going on between the media, White House, and Wall Street. Their heads are brainwashed and they will not see what hits them even if they looked at it directly. For those who can take advantage of their naivete, there is a lot of money to be made on the short side. |
