That is according to Jeff Macke a professional trader and regular on CNBC’s Fast Money television program.
Click here to check out this Video (you only need to tune in for about a minute).
If Jeff’s pronouncement is correct – which is difficult to argue against after considering the average investor’s results over the last decade – what options are left? The alternative that some are advocating, of having the average person play professional trader is even more frightening, considering that Macke recently said that even the “professional” traders are being killed in this market.
As you know, the good news is there is a way to benefit from the index only when it goes up and not be punished when it goes down – and that is why you are not average.
DL
“The Economist”
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