- There’s an old saying that the dumb money transacts in the AM and the smart transacts in the PM. Are these morning rallies we keep seeing a case of the little guy jumping into the rally late or is this old saying meaningless?
- Am I a fool for being net short at a time when all of the big banks have a target of 1200+ on the S&P and remain powerful drivers of equity prices?
- The VIX continues to tick higher little by little on up days for the market. Is this a sign that the smart money is starting to pay up for protection as equities melt higher? Or is the prolonged downtrend in the VIX here to stay?
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.