Albert Edwards on the retail investor being last to the party

One of the surest signs that a bubble is close to bursting is when the retail piles in with leverage. And if the retail warrior millennial mob are angry now, wait until they lose their shirts in any market collapse.

~ Albert Edwards, Societe Generale strategist, "WallStreetBets Might Be New, but Bubbles And Busts Are Not," Barron's, February 30, 2021