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:
October 21, 2004 - Sentiment Indicators
…consumer confidence is not a worthwhile indicator for stock market investors and traders.
October 13, 2004 - Fundamental Valuation
…careful screening of value stocks using accounting fundamentals may be able to enhance returns significantly.
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.
October 11, 2004 - Fundamental Valuation
…mean reversions of fundamental ratios are key predictors of future stock market returns.
October 9, 2004 - Animal Spirits
…investor and analyst herding and cascading help explain some observed stock market price phenomena.