"There is a big crowd that will feel the squeeze once prices start moving against them. Indeed, this time I'm particularly fascinated to see how the "next bull market" crowd reacts to falling prices. My guess is the crowd is only bullish because prices have gone up. There isn't much for people to fall back on, fundamentally-speaking, once prices start moving down. It will be interesting to see how much conviction there really is on the long side."
David Nichols
P.S.- Obrigado Camisa Roxa e um abraço
"The point at which a competitor is pursuing the best possible strategy, given the strategies of the other participants" - John F. Nash
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