Saturday, March 07, 2009
MONEY MARKET FUND ASSET BUBBLE
The money market asset class is in bubble territory now. As with all bubbles, this one can persist longer than one may think. However, also as with all bubbles, there will be another side of this mountain. And when this one bursts, it will be spectacular to watch, and profitable for anyone on the other side of the trade.
(Note: The graph is from sentimentrader.com, one of the few indispensible trader resources on the internet.)