Dumb money piles into a ’screaming buy’
Posted on May 18, 2009 at 11:16 AM EDT
Stacy Summary: Pension funds and institutional investors pile into sterling. Oh boy. These are the same passive investment funds that piled into CDO’s in 2006 & 2007 and oil in 2008. They are a great contrarian signal, imo, as they are the ponzis to which all hedge funds and big banks sell to at the [...]