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Comments

tc

OK, I suppose this summer past doesn't count then?

The summer was a terrible time to be invested, and stating that the index recovered towards the end therefore everything's cool is backward.

When everything fell it hit the stop loss for anyone using reasonable risk management levels... not many that I trade with were successfully riding the storm.

Marc

"When everything fell it hit the stop loss for anyone using reasonable risk management levels..."

Isn't this the efficient market theory? ie. The market will do whatever it takes to wash out most investors. This is different from just looking at the data year to year.

M

tc

I thought efficient market hypothesis was that in 'strong form' all available info on the market is priced into securities.

I think the secondary trend of Dow theory might be where people getting kicked out of trades becomes an issue- i.e. in a correction - though i've been wrong before.

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