Are Short Sellers Smarter Than the Average Bear?
November 1, 2004 - Short Selling
…investors should avoid stocks with high short interest ratios.
November 1, 2004 - Short Selling
…investors should avoid stocks with high short interest ratios.
October 30, 2004 - Animal Spirits
…individual investors systematically show attention-driven herd-like behaviors.
October 29, 2004 - Individual Investing
…a high level of trading activity usually underperforms.
October 27, 2004 - Sentiment Indicators
…just because there is a crowd of traders does not mean there is wisdom.
October 23, 2004 - Big Ideas
…Burton Malkiel continues to believe that the stock market is inexploitably efficient.
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.