Apr 08/14 – Catching the falling knife like an idiot

In the space of two trading sessions the S&P 500 has gone from hitting new highs to erasing all the gains for the year. It has been quick and relentless.

So far, although I have avoided the damage, I have not profited from the sell off as I have mistakenly believed this would be more of a rotation than a full blow sell rout.

That theory is looking increas…