Bear Market Coming In 2021? – Investment Watch
The retail investor group needs to be distinguished. There are always retail investors in the market. Many of them who have been investing for years have done well. The makeup of retail investors changes during manias as those looking to make fast money far outnumbers those in it for the long haul. Branding all retail investors as ‘dumb money’, as many tend to do, is harsh. We aren’t saying the outperformance this year makes retail great. That won’t continue because they are going with risky strategies and investing in hot companies they don’t understand. Broadly speaking, new specu...