by Brian Maher
Daily Reckoning
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.