Investing Research Articles

…stocks have significantly outperformed less risky asset classes in the U.S. for over 200 years. Volatility comes with the outperformance.

…smart young (hedge fund) drivers wanted.

…technical analysis can be significantly profitable when applied to relatively immature stock indices (NASDAQ Composite and Russell 2000) but not when applied to mature stock indices (DJIA and S&P 500). Speed of information dissemination and liquidity for stocks within an index may be critical to the success of technical analysis on that index.

Is this process too easy for the average investor?

…stock message boards, used with caution, have some value.

…Mr. Bennett would recommend focusing long-term, non-U.S. investments in Australia, Britain, Canada, Ireland, New Zealand and perhaps South Africa and India. “The Anglosphere is where the action is going to be.”

In case your mutual fund’s got you down…

…behavioral finance adds elements of human irrationality to the standard finance foundation concepts of Modern Portfolio Theory and Efficient Markets Hypothesis.

…a trading strategy based on simple moving averages is most appropriate for small capitalization stocks.

…stock market returns and volatility reflect investor uncertainty regarding the likelihood and nature of Congressional activity. This effect is economically significant.