Michael Santoli writes that investors should be aware that the "stock pickers' market" isn't all it's cracked up to be.
The market can become warped, Santoli writes, with stock correlation having a steep downward trend since 2011 and Facebook, LinkedIn and Netflix flying and chain retailers while consumer staples are under pressure.
Santoli writes that the market may become complacent and susceptible to large macroeconomic risks. This market gives heavily active mutual funds a nice boost but there are disadvantages, Santoli writes, as it has become easier to pick the wrong stocks or sectors and underperform the indexes.
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