Kevin Duffy: "This kind of wild frenetic rotation is not unusual at the top of bubbles"

I think we’re in a rotation phase right now.  All of the speculators – young people and day traders – have been drawn into the casino, and they’re not going to leave until they’re flat broke: When the poker table shuts down, they move to the roulette section, and when that stops working, they go to the blackjack table.  This kind of wild frenetic rotation is not unusual at the top of bubbles.

~ Kevin Duffy, "The Next Bear Market Has Already Started," The Market, July 1, 2021