Sobering thoughts … and roller coasters…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 It is a sobering, but not unusual, fact that Standard & Poors has caclulated that only 10% of funds are above water. One wonders why investors pay incompetent managers…