Flying Blind

You could say thank heavens they have finally stopped buying the “dip”. Then again, there apparently aren’t any left!

That’s the case, anyway, even if your notion of a “dip” is any day the market doesn’t go up. So far there has been exactly one such occasion during 2018. Or worse still, if you assume the traditional metric of at least a 5% drop, you have already been out of the dip buying business for a lifetime—- whether measured in market lives or even dog years.

That’s right. Heisenberg re...