g5000
Diamond Member
- Nov 26, 2011
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Meaning why would anyone invest in anything they know is overvalued????
Simple. Because they don't know it is overvalued. They are being advised by a Goldman Sachs analyst that oil will hit $200 a barrel on one hand, and being sold oil futures for $110 a barrel by a Goldman Sachs trader on the other, thinking they are smart players. They are clueless they are being gamed.
It's the oldest trick on the book, and your idiot fund manager falls for it time and time and time again.