A so painful it’s funny post by Otto over at IKN brings to light how even the best and brightest can be made to look stupid by the markets (it’s not just you and me), as they utter words of wisdom and the mainstream media beams them out to the public.
IKN points out how Ray Dalio made an unfortunate pronouncement for all the world to digest (and act upon) just days before the crash. “If you’re holding cash, you’re going to look pretty stupid”.
This would be the same Ray Dalio who, along with Bond King Bill Gross has recently proclaimed a major bear market in bonds despite… this…
As for that cash we “stupid” people are holding…
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