I am not one with a good history of calling market tops or bottoms, and frankly speaking, I think it is close to impossible to do so. That being said, an investor should focus on asymmetric trading or investment opportunities, which have a much higher risk adjusted expected return than the expected market return. One of this opportunities presented itself in regards to Herbalife stock, which experienced a massive sell-off, after trading in the 70`s a week ago, it is now close to $48. The panic run was generated by an inquiry made by the hedge fund manager David Einhorn on the distribution policy of Herbalife. I consider the worries unwarranted.
