Throughout history, the smart money has always been made by going against the current direction of the lemmings. Tech bubble, lemmings were long, short positions cleaned up. Real Estate Bubble, lemmings were buying, sellers were cashing out at a premium.
So now, the lemmings all seem to be running short. So is now the time to be running long? I know there are a lot of fundementals driving the markets, but the lemmings are one of the most powerful.
The only danger I see in Lemming mentality is the danger of going against the lemmings to early in the cycle. Back in the stock crash of the 20's I read that there were many people during the days of the crash that put more money in to go against the lemmings, but they were too early, and the wave of lemmings overpowered them and squashed them.
Is anyone else seeing this? Is my analysis way out of wack?
So now, the lemmings all seem to be running short. So is now the time to be running long? I know there are a lot of fundementals driving the markets, but the lemmings are one of the most powerful.
The only danger I see in Lemming mentality is the danger of going against the lemmings to early in the cycle. Back in the stock crash of the 20's I read that there were many people during the days of the crash that put more money in to go against the lemmings, but they were too early, and the wave of lemmings overpowered them and squashed them.
Is anyone else seeing this? Is my analysis way out of wack?
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