buybuybuy, byebyebye

The ones who are *unwary* (to put it mildly) are the lemmings buying into PRIVATE equity IPOs (THERE's an oxymoron for morons if there ever was one!) like Blackstone and hedge fund IPOs like Fortress, and generally with the buy-the-dip head-in-the-sand mentality that characterized important market tops in the past such as 2000/01. Smart money is selling out. Stupid money is buying, hoping that if the Fed say something isn't bad, well.. it "must be true" then (yep!), thus providing adequate opportunity for the smart money to lock in their profits at elevated prices. Wake up and smell the roses.