Bert Dohmen: "This Is Very Much Like 2008"

``This is typically what happens at a market top. You get this big churning up and down, up and down, until finally the market goes where it wants to go, and that's downward... stocks are being sold by the big smart money to the naive money, which is the typical money manager. So until they are finally rid of their whole load of stocks, and they are nicely positioned on the short side...then it can just fall by its own weight. In my opinion, that's where we are now."''