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Celente Predicts Super Depression in 2012
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<blockquote data-quote="Brandonm22" data-source="post: 685747" data-attributes="member: 7645"><p>Too much money is managed either short or long in mutual funds and hedge funds or wealth management funds. If you are one of those fund managers you can't park all the fund's assets in a money market drawing 2% or less. Heck I could do that MYSELF and not pay any commissions or management fees. At some point if you are that manager you have to play the market to justify your existence in the universe. When this rally started, it was fueled by heady investors looking for bargains. Now it is fund managers trying to improve thier performance for the year and people afraid they are going to miss out on something. AND if you are afraid of inflation you can not be in cash. I don't dare predict which way the market is heading but most of these stocks are trading 20 times their earnings (or more) if they even have positive earnings.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 685747, member: 7645"] Too much money is managed either short or long in mutual funds and hedge funds or wealth management funds. If you are one of those fund managers you can't park all the fund's assets in a money market drawing 2% or less. Heck I could do that MYSELF and not pay any commissions or management fees. At some point if you are that manager you have to play the market to justify your existence in the universe. When this rally started, it was fueled by heady investors looking for bargains. Now it is fund managers trying to improve thier performance for the year and people afraid they are going to miss out on something. AND if you are afraid of inflation you can not be in cash. I don't dare predict which way the market is heading but most of these stocks are trading 20 times their earnings (or more) if they even have positive earnings. [/QUOTE]
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Celente Predicts Super Depression in 2012
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