To gain an edge, this is what you need to know now.
Blind Faith
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- Blind faith in the Fed is spreading.
- Investors en masse see no need to control risk because they have blind faith that the Fed has their backs.
- Since investors are believing that there is no need to control risk anymore, they are aggressively selling relatively safe stocks such as economy opening stock because these stocks have lower potential rewards compared to highly risky speculative momo stocks.