Talking echnicals
mania first carries out those that bet against it, and then those that bet with it.”
The recent market rally has humbled stock market greats like Warren Buffett, Stan Druckenmiller and Carl Icahn, among many others. An increasing number of inexperienced players are betting with the surge in stock prices despite the deteriorating internal fundamentals.
It may be an idea to keep that quote from Jim Rogers in the back of your mind.