Uh-oh: Smart money, dumb money …

Interesting chart from B of A – Merrill Lynch posted on Business Insider




Bottom line: Smart money is getting out of the stock market at an increasing rate … dumb (err, “individual”) money is trending back in.

And, the hedgers are, well, hedging.

Caveat investor.

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One Response to “Uh-oh: Smart money, dumb money …”

  1. David Evans Says:

    since the reader is the dumb money, is the strategy to do the opposite of what this implies?

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