RE: RE: Big Joe to the WoodshedPerhaps the recent sell-off can be best explained with the following hypothesis.
Several large players (Joe Dwek, Stan Bharti etc.) have recently divested themselves of large portions of various holdings in the Ventures market .
This could best IMO be explained as tax loss manoeuvrers that offset the large profits that were made on the large SP increases in other more progressive holdings since the correction in the fall 2008 to spring 2009.
If you also take into consideration the view held by some pundits that another smaller correction is just on the horizon the sell-off is probably a prudent move to protect 2010`s profit sheet and keep their investors happy.
It is a win -win for their balance sheet.