Randomly Walking in Circles?
October 23, 2004 - Big Ideas
…Burton Malkiel continues to believe that the stock market is inexploitably efficient.
Value Investing Strategy (Strategy Overview)
Allocations for November 2024 (Final)
Cash TLT LQD SPY
Momentum Investing Strategy (Strategy Overview)
Allocations for November 2024 (Final)
1st ETF 2nd ETF 3rd ETF
Investing Research Articles
3607 Research Articles
Do Day Traders Make Money?
October 22, 2004 - Individual Investing
Could we make a bundle day trading? In their May 2004 paper entitled “Do Individual Day Traders Make Money? Evidence from Taiwan”, Brad Barber, Yi-Tsung Lee, Yu-Jane Liu and Terrance Odean assess the success of day traders in the Taiwan stock market. Using detailed individual trading records, they find that:
Does Consumer Confidence Predict Stock Market Returns?
October 21, 2004 - Sentiment Indicators
…consumer confidence is not a worthwhile indicator for stock market investors and traders.
Classic Paper: Piotroski’s Efficient Value Investing
October 13, 2004 - Fundamental Valuation
…careful screening of value stocks using accounting fundamentals may be able to enhance returns significantly.
Fed Model: Predictive or Not?
October 12, 2004 - Fundamental Valuation
…the Fed Model is inferior to fundamental valuation in predicting long-term stock returns, but it may have some tactical value.
Is Irrational Exuberance Over Yet?
October 11, 2004 - Fundamental Valuation
…mean reversions of fundamental ratios are key predictors of future stock market returns.
Overview of Investor Herding
October 9, 2004 - Animal Spirits
…investor and analyst herding and cascading help explain some observed stock market price phenomena.