1210sda wrote:Today on TV, some talking head stated that since the Dow was at 15,000, it was now "a stock pickers market."
1210sda wrote:What is it when it's NOT a stock pickers market? A non-stock pickers market? A buy-the-market market?
sometimesinvestor wrote:Sorry, I sort of agree with stlutz. What they mean I think , and I agree its not obvious is that a non-stock pickers market occurs when correlations are reduced and almost all stocls are up or down on a given day.From a certain point of view a non stock pickers market mean active investors are more crushed by index fund performance than usual.
2008 was a clear example of a stock pickers market but they were mostly not good at it.for example avoiding financials would have been sufficient to outperform the S=P 500 and the total market by a lot.
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