In alot of ways, Mila Kunis is like Oslo-based cabbies.
Well, really only in one way.
They are not really investment professionals. So when CNBC interviewed her yesterday and she said she was buying stocks (hey look, CNBC mentioned me!), this immediately brought me back to a cab ride I had in March of 2012:
I was going to a meeting in a cab and this (really nice) guy started talking about gold, since I said something about finance. He asked him how he should invest, since he planned to buy gold and since it would go up 20% every year, he asked if it wasn't just best to put all of the profit in and so on.
Up to that point, that would have been a fantastic strategy. For ten years even. What happened next was... well, gold popped. Then fell back to march levels and stayed there ever since. It didn't collapse, but the ride was clearly over and this guy has probably lost money on his gold investment (and moved on to Bitcoin - ugh).
And that's why the stock market rally is over. When Mila Kunis buys stocks and this 16 year old actress is on TV giving stock trading tips, you know this is the end of the rally.
So thank you Mila, for inspiring me to go long volatility, cause we might see a quick pop to new S&P 500 all time highs, but it's pretty likely that it will be significant downside in the near future.
At least I'm betting there will be.
