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Zeal Essay on Complacency


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As always, hat tip to Moore for introducing the board to Zeal LLC...


Wonderful essay out today on the extreme complacency currently in the market. This complacency is just being fed, IMO, by Tepper coming out and daring everyone to go max long and Dalio saying all of the cash is going to move into non-cash assets.






Disclosure: getting more net short by the day

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