Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a summary of a detailed note available to paid subscribers.
The Rabid Capitalist has observed continued risk-taking in some of the speculative sectors (and themes) since May 1. Unfortunately, it has been short-term. Investors have vacillated between greed and fear during the year at a very high frequency. Reversals have followed price spikes in a binge-purge fashion.
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