Quote from Ivanovich:
You'll get a lot of folks buying in anyway. From how they see it, they can make 4.5% on the S+P, or 40% some odd percent in precious metals. What do they care if the spread goes up?
Quote from Ivanovich:
What if it goes sideways? My point is that when people get herd mentality, and they think the sky is the limit and they don't want to miss out on the bull run, they'll enter regardless of the spread.