been noticing that also

    That is what happens when

    Posted by chartboy on 15th of Jan 2021 at 05:07 pm

    That is what happens when moves into an asset class are dominated by macro funds. They want to increase exposure to the asset class as quickly as possible and cant worry too much about how they initially get it. So the fundamentals of the underlying securities are relatively meaningless to them as long as the correlation to the targeted assett class is very high. (Think Janus Funds approach to gaining exposure to internet stocks in 1999)

    (That is symptomatic of excessive liquidity in the market chasing assets with little regard for price, which creates the groundworks for eventual blow-off top type moves). 

    i agree, Will Danoff who

    Posted by morton7 on 15th of Jan 2021 at 05:23 pm

    i agree, Will Danoff who manages the Fidelity Contrafund has indicated the same, then later they sort out which securities they want to keep.

    I’ve gotten many funds into

    Posted by chartboy on 15th of Jan 2021 at 06:42 pm

    I’ve gotten many funds into those types of positions, including Janus in 99. 

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