Market in Correction

[asomani]

Thank you for the words of wisdom, Mike.

They are insightful.

I think the market is has been so choppy this year, especially recently, that it has made it hard for trend-followers, including those who follow CANSLIM. I'm sure trend-following will come back eventually, perhaps very soon - but mean reversion has been the name of the game so far this year.

[Kenneth K]

Everytime Goldman either has gotten into some sort of legal problem (May 2010, June 2011) or its grand scheme to extort some policy concession (bailout schemes) from Congress runs into trouble, the market has taken a dive. Seeing that Goldman controls 80 % of the trading, the correlation is rather intriquing.

http://www.bloomberg.com/news/2011-0...te-report.html