FYI: Even the most casual reader of financial media could get the idea that no one with a functioning intellect is hedging a historically high stock market.
All investors, great and small, are, as the common narrative goes, continuing to buy the dip because that has worked beautifully since about March of 2009. While that approach does indeed retain some merit, don’t believe the nonsense that sophisticated investors are letting risk, unrealized capital gains, and historically low index and equity volatility flap in the market’s wind like a tarp that hasn’t been tied down.
Regards,
Ted
