[corin_]

Remember that this is one guy doing it. It's possible to make great money just by basing your buy/sell decisions on coin tosses. Is it likely that it will work out well every time, hell no. But if a load of people did it, there would be some with great runs. By extension, the fact that many people did terribly doesn't mean that others didn't do great.

And with your "80+% of..." - the 20% left weren't necessarily more skillful, many will have just been luckier.

[brianobush]

No idea why this was downvoted. Maybe because it is right? One data point may not reflect the broad market. If he sold before the crash and then dumped his money back in the market when the dow hit 6500 he would have made a killing.