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To the ignorant go the spoils

To the Ignorant the Spoils

It actually seems, at times, as though there is this mysteriously large buyer that suddenly appears whenever the equity market most “needs it”…and the subsequent buying is so aggressive and so desperate…not the style of the mostly steady “hands” I personally know. It just seems too good to be true and the Sortino Ratio numerically reflects that belief. Plus, we all know that the economic fundamentals are not as smooth as the weekly or...