“Dumb Money” is in accumulation mode, which ultimately points to a scenario where “Smart Money” is deleveraging.
If dumb money doesn't sell for the next two years it will become smart money by that time.
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"Dumb Money" doesn't have anything to do with being smart, it's a term given to retail investors. The point being made is that the average investor is buying while institutions and whales are selling. The success rate of the retail market is roughly 10%.
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