Wallace said, "It suddenly flashed upon me ... in every generation the inferior would inevitably be killed off and the superior would remain -- that is, the fittest would survive."
In a market oversupplied with hedge funds who are replicating one another's investment styles, the power of the "Meme Machine" is going to have inevitable fallout effects.
We are in the midst of a paradigm shift in global stock markets. Patience will pay. Those who have a risk managed process will survive, and new financial industry leaders will be the result.