The Market Really Is Different This Time | Jason Zweig:
Good article on the fact that small investors are taking money OUT of the market as it rises. Why? Because millions of them have billions of dollars in "target funds" related to their retirement date. As they get older, a larger percentage of their money goes into bonds, and on top of that, every time the market rises, they become "out of balance" relative to their risk tolerance, so more money goes into bonds.
So the "suckers" this time would seem to NOT be the "little guy" as is usually the case in toppy markets.
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