Thanks for owning pension funds that I can short and get rich from.
OP meant 90% of the market is now dumb money - CTA, L/S HF, macro, passive funds etc. Actors that have to stick to certain script outlaid in their strategy - which makes market easily predictable and profitable for active investors.
Last two years market is consistent and profitable for actors that use gamma and flows… Before it was Vol cycles… and so on…
NB according to GS Prime we are right now in a distribution phase on Tech stocks… [retail buying, smart/fast money selling]