FEBRUARY 10, 2018. Remember the long-out money that finally came creeping back late last year? Trial by fire, flame-thrower really. New money floated in swarms to market homes, following endless empty years in the wilderness. Our market promptly exploded. One lever-jerk release of pent-up fury. All bore witness. Retail investors wanted some. What about now? Does “horror” capture the welcome received by returners? What now? Are you just in? Thinking about leaving?
This week ripped a gap in most portfolios. We sunk 6.4%. We trimmed , and cut, prior to the crash. We’ve only bought since then. What’d we sell in the run-up? What’s worth buying now? Making faces at the market.Read more