This makes sense if he has a good reentry strategy if he is wrong. Otherwise he can sell out hoping to buy everything 10% lower and then watch as the market grinds 5-10-20% a year for years without him and when its all said and done he missed a 50-100% move. Its similar to a short sale and thus it needs an exit strategy which he didnt seem to tell us what is
so how do you tell? 'people' with no stats behind is useless right? retail is not participating... not sure who this Kass is... but he's behaving like retail dumb money... and even dumber in the gold long. this equity run has no end insight, without retail participation.