Called but I will say their motive is sometimes fear of missing out. Do me a favor and tell me when you bought something on credit so you could put other cash into the market. Or please oh please if you ever leverage up to buy positions on margin please send an alert.

That will be the precise time to sell short.

By the way, I love equities. I’m trying to communicate to you that while some are anxiously trying to accumulate their wealth, there are many trying to preserve what they have already accumulated.

If you already have $50mm you’re not going to be happy entering 2000 or 2008 balls to the wall. Your 50mm could be 20mm in a few months. OTOH if you only have 50k, and you lose 30k groping for momentum returns, it’s no big deal really.