By Nicholas Vardy Wall Street’s top money managers are scratching their heads. How did mom-and-pop investors get the market so right?
Today, Nicholas Vardy looks at why the “dumb money” has been much more successful at investing after the coronavirus crash.
“Markets have rarely been so transparently stupid.”
– Bryce Elder, Financial Times, June 12
The financial media is exasperated. Market pundits are frustrated. Wall Street’s top money managers are scratching their heads.
The behavior of financial markets does not seem to make sense.
Unemployment in the United States stands at record highs.
The threat of a second wave of COVID-19 seems ever more real.
Social unrest is tearing the seams …read more
