The quoted section below is from an article in today’s CNBC.com website entitled: Halftime: Market has Legs to Sustain Rally.
And according to one “Fast Money” trader, the market has legs to substain the rally.
“I think the downside in equities is limitied because all the leverage is in the fixed income side,” said Joe Terranova, chief market strategist at Vitrus Investment Partners, adding that he recommends being in the market for the long side.
Source: http://www.cnbc.com/id/38738800/
What the hell does that mean for the average investor? Leverage in the fixed income side?
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Bad trader usually becomes a market strategist, so as Joe did.