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In my judgement, the market, in general, has run away of itself. What is remarkable at this point is that the retail trade dominates the demand side. Traditionally, the retail trade has done so during the last leg of the market boom. In this regard, Joseph Kennedy was given by his driver a stock tip on his way to his office. That convinced him that it was high time to get out of the market in 1929. The rest is history.

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