A recent ZeroHedge story talked about how retail customers are buying the dips with more lunatic fervor than ever seen before.
Such is their aggressiveness, notes ZH, that they have been bulldozing hedge funds that lack the young crazies' (junge verrücktes') appetite for risk. I can corroborate this anecdotally. As a single guy living in South Florida, I've dated dozens of well-to-do widows and divorcees. Their sons all have flexible-time jobs that pay between $200k and $500, but every one of them trades as his chief source of income. Their mothers and sisters don't trade actively, but they do jockey around the money in their portfolios based on instructions from their sons. My switch to bitcoin as our #1 bull-market bellwether reflects this dynamic.