For several weeks now, the “dumb money” has been extremely bullish and the “smart money” has been extremely bearish. These are signs that we are closer to the end of the rally as opposed to the beginning.
Read the rest, and see the very informative graphs, here.
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That’s all well and good, and I’m a long-standing skeptic of this move, but if so, it’s the dumb money that’s making all the money!
The smart money is the money that realized how dumb the market is and stayed long after getting in October…
But that’s being results oriented… It’s not like you could be 100% the market would be here unless you have a time machine and the act of knowing the future doesn’t change your outcomes and the future itself. Several very similar situations and the market pulled back hard long before this kind of rally.