C. institutions had too buy the low and since they are long term holders they have been the big winners. D. 401k money still flows in, so we wiggle and walk giggle and talk, ohhh babee, mutual funds do have money too put too work … I read recently (but haven’t been able to find again) a wonderfully simple (and with merit I think) scheme for long-term investing . Stay fully invested long ‘most of the time’. But when the market p/e ratio goes over 20, go largely to cash.
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Volume Falling As Rally Progresses | The Big Picture
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