Wrong. I guess you never heard of arch crawford. ANECDOTAL evidence is ALL YOU PROVIDE. ANECDOTAL evidence is provided by the moon astro folks.
hey now, MC, wheres your proof that trend following works?? Anecdotal EVIDENCE only/ Well, MC, here is MY PROOF that it does not work: 7 MILLION TRADES MC< 7 MILLION TRADES!!!! point your fingers at your managers who CLAIM to be trend followers to THROW guys like you off the REAL TRAIL. WHERE IS YOUR PROOF??? WHAT TESTING HAVE YOU DONE? YOU NEED TO QUIT NOW OR ADMIT YOUR WRONG Consecutive Up/Down Days We looked at over seven million trades from 1/1/95 to 6/30/06*. The table below shows the average percentage gain/loss for all stocks during our test period over a 1-day, 2-day, and 1-week (5-days) period. These numbers represent the benchmark which we use for comparisons. We then looked at stocks that made exactly three consecutive up/down closes, all the way to stocks that made exactly seven consecutive up/down closes. Here's what we found: Consecutive Up Days Stocks that closed up exactly three consecutive days, on average, underperformed the benchmark 1-week later (+0.14%). Stocks that closed up exactly four consecutive days, on average, underperformed the benchmark 1-week later (+0.02%). Stocks that closed up exactly five consecutive days, on average, showed negative returns 1-week later (-0.11%). Stocks that closed up exactly six consecutive days, on average, showed negative returns 1-week later (-0.30%). Stocks that closed up exactly seven consecutive days, on average, showed negative returns 1-week later (-0.40%). As you can see, the statistics show even greater underperformance each step of the way. This research shows that traders should avoid buying stocks that make consecutive up days and aggressive traders may consider short selling these stocks. Consecutive Down Days Stocks that closed down exactly three consecutive days, on average, outperformed the benchmark 1-week later (+0.36%). Stocks that closed down exactly four consecutive days, on average, outperformed the benchmark 1-week later (+0.54%). Stocks that closed down exactly five consecutive days, on average, outperformed the benchmark 1-week later (+0.63%). Stocks that closed down exactly six consecutive days, on average, outperformed the benchmark 1-week later (+0.82%). Stocks that closed down exactly seven consecutive days, on average, outperformed the benchmark 1-week later (+1.06%). http://www.tradingmarkets.com/.site/stocks/commentary/editorial/Consecutive-Up-Down-Closes.cfm
This quote is the proof covel secretly dreams of Hollywood...and becoming a filmmaker..I thought you are a "financial journalist"...what gives?
Hey Covel, Do not even try to deny your fetish on fat Moore.... I KNOW your dream of big money and easy pussy in Hollywood...
Why is there so much hatred towards both Michaels. They just express their opinion, and happen to do in the way that makes them $. Anyone can try to do the same. Now, while I do not agree with Moore, he does raise a good point. Capitalism is not great, but all other systems are even worse. Naked capitlism is very bad, we are talking about tiny wages, long hours work weeks, child labor and so on. It needs to be regulated for sure. Have no clue how to do it, almost no one does. I guess what upsets a lot of people is the fact that they are not the ones on the top of current food chain getting all these benefits. I grantee that with few exceptions if anyone gets an offer to join the club of elite they would do it in a heart beat.
Far from it. I used to live under it and and find it to be one of worst with fascism being the worst. I believe that regulated capitalism is the best thing we have invented so far. I do not have the answer on how best to regulate it, not smart enough.