Ja, I've heard a lot about this smart money that's selling off at the moment ... but the stupid money is still pushing the market to higher highs! Either the smart money is not that smart, or the people calling it the smart money have sold off instead of implementing a trailing stop loss?
Simon, if I could I would introduce you to some smart money in Goldman Sacks. They just seem to grow money on trees in that company. I guess if you feed your trees enough greed, and keep ethics away from the roots, your money tree will blossom. All in the good old name of capitalism.
My money wanted a new owner cause it was finding it hard to fornicate and multiply with me in the vicinity.All it's children and children's children were committing suicide.I think they are happy wherever they are now.
Just a thought: If the smart money is on the sidelines until next year and not participating in this 'bull market' we currently having, they loosing out on some very good gains, would that not actually imply that 'smart money' is in fact not that smart after all?