"Simply put, everyone's bullish. And they're behaving accordingly." A comment in one of many blogposts out there right now, "Today's Market 'Froth' Is a Tell-Tale Sign of a Melt Up"
Gamestop is the poster child. I am not sure if it's a regulation issue. It seems to be more like an 'everybody's bullish' issue. This could be signaling the end of this recovery from the coronavirus dip, and perhaps the end of the run since 2008.
I think value, small business and international are still positioned well, especially if inflation does start moving soon as the strengthening belief in inflation begins to permeate further. Perhaps it's about heavy rotation and the re-emergence of stock selection, as the rest of the market catching up to FANG + Tesla, rather than a total market drop.
A fascinating amounts of retail investor statistics in this Goldman Sachs podcast
Comments