A bubble in ETFs makes no sense.
Why people won’t spend down their assets…
Lend money to Argentina for 100 years. They’re good for it.
10/I don’t know if some incredible jump in evolution or intervention based upon new discoveries will change human nature but would gladly make a long-term bet that such a thing will not happen. (www. https://t.co/swzTkNm6gT )
— Jim OShaughnessy (@jposhaughnessy) May 10, 2018
Investors accept uncertainty as the fundamental substrate of the financial markets. Anytime investors are “certain” about anything, they are probably wrong. https://t.co/j5kvFZW63X
— Jason Zweig (@jasonzweigwsj) May 11, 2018