Adaptation

Adaptation

Can you blame them? That's what I'd ask of anyone inclined to criticize retail investors and sundry day-traders for their generally unshakable conviction when it comes to buying stocks at the first sign of significant weakness. On Black Friday, while many Americans were shopping for another flatscreen they don't need, the "dumb" money was busy buying at least a couple billion in equity ETFs, according to Vanda Research. They were promptly rewarded the very next session. As I wrote in "Animal
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