Money Flowing into High Beta Stocks as End of 2013 Approaches
With the market heading into the final 9 weeks of the year, the majority of hedge funds and long/short funds are badly trailing the averages and they are now chasing. The high beta stocks are attracting a lot of speculative fast money and are trading with bubble-like action (see PRTR).
Once all this money gets put to work (or begins disappearing) there will likely be a very healthy correction (it’s getting close).
Have a great weekend!