The 2000s: A Market Timer’s Decade?
December 2, 2011 - Big Ideas, Momentum Investing
Do the poor returns and high volatility of the “buy-and-hold-is-dead” U.S. stock market since the beginning of 2000 represent a tailwind for market timers? In other words, is buy-and-hold effective as a benchmark for distinguishing between market timer luck and skill in recent years? To check, we measure the performances of various simple monthly market… Keep Reading