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I wonder what are generalists waiting for? They want to ride everything but commodities stocks bubble to the top and down after bust?
Economic indicators (reverse repo, velocity of "money" to name most obvious "abstract" tan CPI/PPI indicators) and life of people doing smaller than international corpos been screaming for few years now that recession is happening. Even international corpos are firing people both in the US and in Europe for over a year already, even in outsourcing centers like Poland where many jobs were moved because we work for US junior programmer wages while doing typical US senior programmer work.
Are generalists dumber then they were in last cycles? Or they have cash reserves so big they barely think about it loosing value because they would be still rich as fuck even if their stash loses 50% of purchasing power overnight?
Only Buffet and maybe few other (with noticeable wealth) I can count on fingers of both hands are actually doing at least minimal moves.
