BI reports $22.2 billion into equities this week. Second best week in history?
I had no dollars in that pool. I did make a little last year on money I had left in equities. There might be money to be made this year in stocks. We are certainly unlikely to make any money on anything else (other than, maybe, PMs).
Contrarian thinking is not right because it is contrarian. It is right occasionally because conventional wisdom is wrong about half the time. People are doing what they have to do, gambling on inflation, for one thing.
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