Early Or Late Cycle Market?
by UPFINA
Weekend reading from UPFINA
The level of speculation from retail traders has reached unreal levels. On Twitter we polled our followers asking if they know someone who just started trading this year and has done very well. 52.6% of the 76 respondents said they do know someone like that. Anecdotally, this expansive level of speculation seems to have trickled down to almost everyone who would ever think about opening a brokerage account.
Source: http://econintersect.com/pages/investing/investing.php?post=202006130403
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