Well, it seems we have a new phenomenon in the stock market…

It’s called, “Who’s the dumb money?”

It used to be shoe-shine boys in 1929, when Kennedy stopped buying stocks and made his fortune buying them at the bottom.

I remember, during the tech bubble, taxi drivers were telling me what to buy.

It used to be that they were the dumb money… the suckers piling in at the top of the bubble only to have their feet swept out from under them.

Guess who’s the dumb money now…

I’ll tell you in today’s video.

We began talking about this shift in dumb money in March 2018 already.

So, what created it?

What’s driving it?

And why is it so dangerous?

Listen to my video to find out.

Harry
Follow me on Twitter @harrydentjr

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Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.