@Region Philbis,
Region Philbis wrote:
enjoy Colbert...
[youtube]https://www.youtube.com/watch?v=AfK9sb9RQ3s[/youtube]
Couldn't stand to listen to that much of the video...BUT...
...I hope Colbert was warning people to stay away from the attempt to outsmart the hedge fund managers, because 95% of those people are going to take a major league bath.
There may be a few who make some bucks...but the vast majority of the losers will be "the public." (The guys who think they are going to outsmart the managers.)
A tiny percentage of the managers will lose a bit (that happens every day in that business) but the majority will be spending the money lost by "the public."
I worked on Wall Street as a broker a long while ago...and the adage was, "The public is always wrong." That hasn't changed. The pro's win.
I hope no one here is on this latest fad...but if you are, cash out ASAP. Cash out while your head is still above water.