“You do not want to try to time these short-term rallies. The market is trading on propaganda, not fundamentals. It's crazy. There's nothing else to say.”
“Many fund managers, if they're not in for a two-day rally, they risk falling behind for the whole year. How do you minimize risk? By hugging the index as best you can.”
“It's a great deal for individual investors, but I don't know what kind of incentive the elimination of the tax is going to give to some of the cash cows to start offering dividends.”
