Leuthold Sees Sell Sign for Stocks in ’Dumb Money’ Trades
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It’s well known on Wall Street that there is “smart money” and “dumb money,” and often the main difference between the two is simply how much of it you have.
Doug Ramsey, chief investment officer for Leuthold Group Llc in Minneapolis, has a more nuanced way to spot the difference. And the way he looks at it, the divergence between the two is flashing an “unequivocal stock market negative for the next several weeks.”