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Allocations for June 2024 (Final)
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Investing Research Articles

3527 Research Articles

Short Selling Shocks Stocks

…short selling shocks move stock prices ipso facto. They are news in and of themselves. In the absence of contrary information or reactive strategies, investors should avoid short-shocked stocks.

Explaining Summer Doldrums

…this research suggests that investors should be inclined to sell speculative U.S. stocks in late spring and buy them in the fall.

Your Attention, Please! (You Are About to Lose Money)

…reasonably isolated attention-grabbing events are opportunities for profitable day trading.

Returns for Investors (Rather Than Markets)

In his June 2004 paper on “What Are Stock Investors’ Actual Historical Returns”, Ilia Dichev examines stock market capital inflows and outflows to determine how well investors really perform compared to buy-and-hold returns. He concludes that:

Investment Managers: Randomly Walking the Plank?

…investing in actively managed funds is a loser’s game. Professional fund managers cannot systematically find and exploit market inefficiencies.

Triumph of the Optimists (Chapter-by-Chapter Review)

…21st-century investors should curb their exuberance.

Buffering Exuberance

…short selling is more effective at buffering exuberance for individual stocks than for the overall market.

Smart Mutual Fund Investing?

…mutual fund inflows naively chase past returns.

The Media: All Frenzy All the Time?

…the media constitute a possibly destabilizing element, since they support the continuation and reinforcement of states of disequilibrium, or maybe even trigger them.

The Importance of Animal Spirits?

…investor emotions drive market volatility, but there is an asymmetry to fear and greed.