Posts filed under “Markets”

Post-Terror Market Responses

Intriguing chart in the  WSJ  (we’ve discussed this several times previously). 

The Journal quotes Hugh Johnson (A terrific old old pro and chief investment officer at Johnson Illington Advisors). Hugh noted "We’re learning to live with terrorism."

It may be even more basic than that:  Terrorism is a relative gnat to the Brontosaurus that is the global economy and capital markets.

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Post-Terror Market Responses
click for larger graph

Terror_mkts07072005151435_1

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Source:
U.S. Stocks Stage Comeback
By SCOTT PATTERSON   
Wall Street Resilient After Attacks; ‘Learning to Live With Terrorism’
WSJ, July 7, 2005 5:43 p.m.
http://online.wsj.com/article/0,,SB112073445420279386,00.html

Category: Investing, Markets, Psychology, War/Defense

What I did over my Summer Vacation

Category: Markets

Stop Blaming Oil!

Category: Commodities, Investing, Markets, Psychology

Chart of the Week: % of NASDAQ Issues on MACD Buys

Category: Markets

Method to the Madness: Alpha Chasing Beta

Category: Investing, Markets, Trading

Apprenticed Investor: Tracking Elephants, Part I

Tscm_1The latest "Apprentice Investor" column is up at TheStreet.com. Its called  "Tracking Elephants, Part I." 

Don’t be fooled by the title to this piece: "Tracking the Elephants" could just have easily been named "The non Technicians Guide to Technical Analysis (in two parts)." The idea was to reveal to fundamentalists a few of the more significant ways they can use charts to improve their results.

Podcast:

Here’s the ubiquitous excerpt:

"Here’s an interesting question: If you could look at one and only one source before buying your next stock, which would you choose: a fundamental analyst’s report (with no charts in it), or the chart of your choosing?  While I like having access to both, I cannot ever imagine buying something without first looking at the chart.

And so we wade into the ongoing battle between technical and fundamental analysts. Frankly, it’s one of the sillier debates in investing. But I’ve heard so many bad arguments and misleading theories about technical analysis that I decided to weigh in."

Before we wade too deeply into the controversy, ask yourself: "Why do I need to choose?" Why wouldn’t you use any tool that can be shown to have value? You wouldn’t build a house using only a hammer, but no drills or saws. Why limit yourself away from a tool that can assist you as an investor?

In the column, I used a chart of Ford — but it could have been just about any company , from JDSU to Lucent to World Con or Enron.
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Ford’s Downtrend
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Fordaiannotated

Prior columns can be found here.

To keep the column a modest length, a discussion about Janus Funds
selling of AOL Time Warner was edited out.  For your reading
pleasure, that section is here.

Podcast:

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Category: Markets, Podcast, Technical Analysis

Why Politics Matters to Investors

Category: Markets, Politics

Will Rallying Oil Set a Bear Trap?

Category: Commodities, Markets, Psychology, Trading

Chart of the Week: Crude Oil at new Highs (6 Months)

Category: Commodities, Investing, Markets

Around the World in a half dozen links

Category: Markets, Weblogs