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Don't make it's been quite -- -- -- Our highest retail investors finally starting to wake up and -- -- -- little -- but some hedge funds.
Are not buying into what should you be concerned about that's -- supposed to worry about hedge funds and not getting while -- -- about concerned whether Dan Loeb and you know.
-- and Steve Cohen are making a lot of money I am.
I mean this and I think the markets go much higher -- OK I eight.
Just to say that's my opinion.
I think when you weigh the evidence today's unemployment report good but not great I mean you know that's when the problems DU six number the long term unemployment still pretty high.
And 14% and that's up and but but what's good about it is that it showing modest gore modest improvement in unemployment that'll be.
A modest GDP improvement.
And that means -- -- not go lower interest rates and guess what I think the market keeps going up seven who knows about it it's gonna go up.
-- trying to -- now these -- the smartest guys in -- room.
Apparently they've not participated as they think there's a ball there's something a bubble to be burst if you look at sort of the broad numbers hedge funds are trailing.
The doubt and in the S&P I mean listen Warren Buffett he's been doing -- -- hookups and you know -- it's warm but your five years.
His five -- record isn't so hot.
But you know eat now during this recent sort of I guess this.
This sort of -- bull market on top of the bull market that we've had since March 2009 when he -- 6000 the doubt.
Now it's as you know heading probably to fifteen.
There -- a lot of hedge funds that are very hesitant to jump in there and so there isn't it a dichotomy between the professional investor on one hand.
And the in this and the and the small investor and generally the small investor is the first to get -- -- the part of the investor class that gets into these things late -- And generally that's when it falls.
Just thrown that out there you know the these Smart money's is not buying into it yet -- maybe they'll make it -- soon.
But my opinion is this and you know take of what it's worth -- I don't problem not a smartest because retail investors are notoriously bad.
Market investors you know.
-- -- toll who used to be -- -- call that those slower dumber money.
Over yeah I -- he's right about that I mean there is there result there any of history's any guide.
You know they get in late and get out get out lighted my laid current charted out if they come off the sidelines and there's -- about the whole thing about them brief comments and and and during the 1990s that I remember the tech boom and they they did the -- we need to decide what a lot of.
I was Smart money got killed but they made a lot of buzz is a lot of the retail the stupid money got killed in the end right they held onto the retail stocks.
But they clearly pushed the market up higher and higher and higher are different people talk about -- 20000 yes.
I don't think it's out of the you know there was a guy who wrote a book -- Authorities -- -- thousand David Glass.
Now yes now now he wrote a book out 30000 who.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- He did -- -- 30000 this is back in in the 1990s when during the tech boom.
I you know I it obviously never came through I think there's a good shot we get twenty -- you have to look at it this way we gonna put your money.
Do we have is the economy marginally improve -- -- is David Goliath throughout the book but who's the other guy last me.
That's through the famous guy that Patel thirty -- had been -- yeah -- I'm not getting any help I will say this though you know it's bad to predict that you know for us its -- to predict -- -- -- last and that's is that.
It's really bad for us to predict the markets were not but I won't you just did bound to -- on their -- it out -- for people we listen.
We we tell you guys stuff you do what you want -- analytics I have told you that when you have 0% interest rates.
You -- marginal growth.
That's a recipe.
For the doubt to go up a lot higher we when we don't have -- we're not that the banking system is better York is muddling through.
I -- it the Smart money's on the sidelines who pointed that out so when I give you complete rosy scenario.
-- let me tell you something.
There's a lot of reasons and why do Smart well we're up 71 points right now higher the session up 844.
Record in a row again at some point folks let's be honest it's gotta come down there's got to be a I don't care minor correction lit major whatever.
But right now it is the momentum trade and you don't wanna like you know you really we don't want -- city -- just promote the market products.
A tape and I fight for -- -- public pessimistic well the great philosopher Britney Spears once said it is what it is I have I have -- the -- -- -- a closing.
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