Wall Street has a fondness for acronyms.
You may have heard some of them.
There’s FOMO (fear of missing out) which was borne out of enthusiasm for meme stocks and the colourful but risky HODL (hold on for dear life) a typo which morphed into a rallying call for cryptocurrencies.
Then, earlier this year, there was yet another acronym – TINA or “there is no alternative” which was in vogue.
TINA, in a nutshell, represents the lack of choice on where you can park your money.
The underlying implication was that stocks, which were then flirting with all-time highs, were the only viable option compared to the rest of the investment options..
In the background, bank deposit rates were dismally low.
A rush of blood to the head
Since then, the situation has dramatically changed.
Rather than TINA, I would coin the new term “TATMA”, or “there are too many alternatives”....