"TINA" means "No Choice" and is a commonly used phrase in the financial media.
TINA is a phrase derived from the Victorian philosopher Herbert Spencer.
But this quote will forever be associated with former British Prime Minister Margaret Thatcher in the 1980s.
This sentence is used to express Margaret Thatcher's assertion that the market economy is the only effective system and that the debate on this is over.
Today, it is often used by the financial media to explain less than ideal portfolio allocations, usually to overvalued bonds and/or stocks, because returns from other asset classes are even worse.
A recent example is the U.S. stock market hitting all-time highs in early 2020. This rally was nicknamed the "TINA market."
This means that with central banks around the world keeping interest rates so low, investors have no choice but to buy U.S. stocks (since bonds are unattractive).
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