Worhsipping At The Altar Of FOMO

By Tyler Durden

Authored by Sven Henrich via NorthmanTrader.com,

Retail investors are worshipping at the altar of FOMO (fear of missing out). It may prove to be a painful experience.

Never before has retail gotten this aggressively exposed to stocks.

Just in time when central banks and buybacks are pulling back. I talked a bit about this in the recent The Carrot Top, but I want to expand a bit on this to issue a general warning for retail: The boat is fully loaded in one direction. Be aware.

Wall Street will not warn retail, they’ll keep pushing the envelope until the very bitter end. It’s actually quite easy to be a bull. Keep raising targets, always be optimistic, and when something breaks shrug your shoulders and say: Hey what are you gonna do? Stuff happens. The Fed will come to the rescue.

And the cycle begins anew.

You know the drill:

Just remember, Wall Street will never tell you to sell.#2008forecasts pic.twitter.com/c664pSO1No

— Sven Henrich (@NorthmanTrader) July 14, 2017

Remember the primary job of Wall Street is to get retail to invest, and to be fair, they are doing a fabulous job.

And so every December we see the same annual ritual. Here’s …read more

Source:: ZeroHedge