If most people have made the same bet (that risky assets will outperform and that volatility will stay low), there could be an almighty scramble for the exits when the trend changes.
If most people have made the same bet (that risky assets will outperform and that volatility will stay low), there could be an almighty scramble for the exits when the trend changes.
如果大多数人都在同一个趋势上下注——风险资产将会出色表现，波动性保持低水平——当趋势改变的时候，很可能会出现极度慌张的局面，大家争抢着要逃出来。