What to Do When Insiders Exit

Updated from 11:09 a.m. EDT

This was originally published on RealMoney on March 13 at 9:00 a.m.

This has been a great market for daytraders and Warren Buffett. Daytraders must be feasting on the volatility, and Buffett's honest-to-gosh long-term investment horizon allows him to sleep easily even if an opportunistic buy falls another 20% in the near term.

But for anyone in the money management biz needing to keep clients happy on a monthly and quarterly basis, the market has been downright evil. There have been few trends in U.S. equities that have worked for longer than a week or two, and it's been outrageously easy to see a perfectly good bet turn sour overnight. ...