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Where the Big Money is Betting Big
For years, investors have debated whether the big money is the smart money.
The basic premise is the big money (the mutual, pension, and hedge funds) will buy into a “hot†sector. And continue buying into it as long as it keeps going up. The ongoing buying pushes prices up. As a result, the big money looks like the smart money most of the time.
Just take a look at the market swings over the past decade. The big money was buying large-cap growth and technology stocks in the 90’s. For nearly a decade, the big money was the smart money. The…
18May2009 | Q1 Publishing | 0 comments | Continued
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