Last week Ramsey Su (one of my favorite posters on Silicon Investor) proposed and idea that the current rally in stocks is really just a part of “One Big Trade”.
I had a conversation with a couple of fund managers yesterday and we drew one simple conclusion: The market is now just One Big Trade. There is no need to follow any fundamentals. Everything would be great if credit does not collapse, real estate lands softly and the economy slows just a little before taking off again.
On the other hand, many issues are facing a total do or die scenario. […]
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