Investing Research Articles

…evidence suggests that covered call writers who can achieve relatively low trading frictions can maximize returns by focusing on small, high-volatility, illiquid past winners. For small players, achieving low trading frictions is problematic.

Alan M. Newman, Editor of Alan M. Newman’s Stock Market Crosscurrents, wrote on 8/3/09:

…evidence from experimental tests indicates that investor/trader overreaction probably is pervasive, partly driven by overconfidence and not subject to moderation through learning. Overreaction tends to elevate portfolio volatility and reduce portfolio Sharpe ratio.

…the accuracy of the Crosscurrents forecasts/targets for the S&P 500 index during 2001-2008 is probably below the average accuracy achieved by other stock market experts.

As suggested by a reader, we evaluate here the commentaries of Robert McHugh, Ph.D., at Safe Haven since February 2004 (the earliest we can find). Robert McHugh is president of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania “dedicated to the preservation of capital in turbulent economic times, while offering… Keep Reading

We evaluate here the stock market forecasts of Don Hays since late 2000, shortly after he established his own investment advisory firm. Evaluated predictions/recommendations come indirectly from two sources: (1) first from MarketWatch columns as far back as early 2004; and, as subsequently suggested by reader David Zaitzeff, (2) from TheStreet.com columns covering mostly the… Keep Reading

…aggregate data on the performance of the stock trading systems currently offered on Collective2 is not encouraging for traders.

…investors should recognize the difficulty of measuring the value of fundamental investment research in deciding whether or how much to spend for it.

…evidence from simple tests does not support a belief that Steve Sarnoff’s option trading recommendations have value. The “Options Hotline” promotional verbiage based on perfect hindsight seems intended more to deceive than to inform.

…a very small sample suggests that Washington Crossing Advisors forecasts the U.S. stock market a little more accurately than does the average U.S. equity expert, but they failed to predict the dramatic decline of 2008.