by Brian Maher
Yes, but why was last week’s correction so pitiless?
Monday we put our finger on “passive investing.” That is an investing strategy that flows with the tides.
A rising market tide lifts all vessels — even the leaking, decrepit, unseaworthy hulks.
But when a strong gravity pulls the water the other way… all go down with it.
And it was an angry moon last week, exerting a mighty tug.