February 26, 2009 - Sentiment Indicators
…German investor sentiment correctly anticipates equity market moves over the next few months to some degree. U.S. investor sentiment used to to be a contrarian indicator for equity market moves over coming months, but its predictive power has disappeared.
February 25, 2009 - Individual Investing
…evidence indicates that discount retail broker clients lose money on average to both non-discount retail broker clients and institutional investors, while non-discount brokerage clients have some success trading against institutions.
February 24, 2009 - Calendar Effects, Technical Trading
…investors may be able to exploit a stock price effect by focusing on the associated abnormally positive return during the first calendar quarter.
February 23, 2009 - Economic Indicators
…adjusting asset class allocations according to key economic indicators may help investors manage risk and/or boost long-term returns.
February 20, 2009 - Fundamental Valuation, Sentiment Indicators
…even though S&P 500 index timing rules based on fundamental indicators and investor sentiment indicators might significantly beat a buy-and-hold benchmark when evaluated in isolation, this outperformance generally evaporates after correcting for data snooping bias. In other words, luck is the dominant differentiator of rule performance.
February 19, 2009 - Equity Premium
…finance and economics professors on average currently estimate that investors require an annual excess return from equities in the range 5% to 7%.
February 18, 2009 - Individual Investing, Investing Expertise
Do individuals who use investment advisors achieve higher returns than those who do not? Two closely related papers entitled “Investment Advice and Individual Investor Portfolio Performance” of January 2009 by Marc Kramer and “The Impact of Financial Advisors on Individual Investor Portfolio Performance” of March 2012 by Marc Kramer and Robert Lensink address this question…. Keep Reading
February 17, 2009 - Big Ideas
…the way to survive the fat-tailedness of investment returns is through limiting exposure to such investments.
February 16, 2009 - Size Effect, Value Premium
…evidence from this 19th century test supports belief in the persistence of the size effect and the value premium for equities.
February 13, 2009 - Individual Gurus
As suggested by a reader, we evaluate here the intermediate-term S&P 500 index calls of Tim Ord via MarketWeb since 1/20/06. Tim Ord is is president, editor and publisher of The Ord Oracle, “devoted to the practice of supply and demand trading” using “a new kind of charting program designed for showing supply and demand… Keep Reading