Good morning! Bullishness abounds! Last week the S&P 500, DOW and NASDAQ all closed at record highs. Today I heard this is risk on and a call for the market to move up an additional ten to fifteen percent. All indications out there regarding earnings, covid fears,...
If stock returns are essentially random, the best prediction for tomorrow’s market price is simply today’s price, plus a very small increase. Rather than focusing on past trends and looking for possible momentum or mean reversion, you should instead...
“Don’t put up a fight with the tape.” This often-cited stock market adage cautions investors against getting in the way of market trends. The presumption is that market movement will continue in the same direction. The origins of this concept can be...
Some investors will avoid buying a company or index that has climbed too quickly because they believe it is due for a correction, while others will resist selling a stock that is sinking because they believe it will at some point, reverse and go higher. Is there any...
Good morning and Happy Friday! Big beats on earnings so far. 87% of companies beat on both revenue and earnings per share so far. Did you expect anything different? SPX up 9, Dow up 25 and NAS up 53, and those markets rocketed up after hours as a result of earnings....
Any investor must be aware of two prices: the current price of the investment they possess or plan to acquire, and the price at which it will be sold in the future. Despite this, investors are always looking back at prior pricing data and utilizing it to guide their...
