RE:what a disgusting summer for small cap return overallI would add to your remarks, that it is easy to make money when you are risking other people's money, and you explain away the lousy results by advising clients to hold for the next up turn. That is standard broker-financial adviser b.s. and the "investing" public soaks it up in silence. Year after year.
The pennies are played by folks who know they are risking all, and by the brokers who milk the market through their trading algorithms.
And yes it is a tough market. So many companies trading at 52 wk lows. Just look at the gold index members. But I remind the reader, these guys are not using their own money. So don't cry for them.
And the real question regarding the markets, when will the easy times return now the commodity and energy markets are so very depressed. And my answer is no. China started much of this by over building many huge new cities and then turning the tap off. ( that is a partial explanation ).
Best wishes to the real folks.
Kobe