We examine whether the predictability of future returns from past returns is due to the market’s underreaction to information, in particular to past earnings news. Past return and past earnings surprise each predict large drifts in future returns after controlling for the other. Market risk, size, and book-to-market effects do not explain the drifts. There […]
The global financial markets turn over billions of dollars daily. An array of different instruments is available to trade in these markets,ranging from simple stocks and shares to exotic creatures such as butterfly spreads. Participation at any level involves taking a view as to which way the market in question will move. There are essentially […]
Capital Markets Regardless of which instrument you are trading be it stocks, municipal bonds,U.S.treasuries,agricultural futures, foreign exchange,or any of the countless of a market as an investment opportunity remain the same.Namely,good investment markets all possess the following characteristics: liquidity,market transparency low transaction cost,and trending markets. Capital Markets
This bestseller has shown over one million investors the secrets to building stock market wealth. From August 1982 to August 1987, the stock market staged a phänomenal 250% increase. Employees’ pension funds made a fortune. Then in one day in October 1987, the market dropped a record 24%. Sanity and reality returned. That’s the stock […]
Vehicles A product used by investors with the intention of having positive returns. Investment vehicles can be low-risk, such as certificates of deposit (CDs) or bonds, or can carry a greater degree of risk such as with stocks, options and futures. Other types of investment vehicles include annuities, collectibles (art or coins, for example), mutual […]
Understanding Stocks While dozens of books purport to be for the beginning investor, most “beginner” books assume a level of knowledge that true novices just don’t have. \Understanding Stocks is targeted to the beginning investor, providing a concise yet comprehensive overview of the stock market without subjecting readers to terms and ideas they can’t understand […]
Resource Stocks Investment by the public in resource stocks tends not to be fashionable, thereby impacting adversely on resources job security. Yet resources are one of the most significant contributors to Australia’s GDP. In fact, the resource sector per employed person easily contributes the highest proportion of GDP of all industries in Australia.
THERE is a widespread demand for more light on the subject of Tape Reading or the reading of moment by moment transactions in a stock.Thousands of those who operate in the stock market now recognize the fact that the market momentarily indicates its own immediate future; and That these indications are accurately recorded in the […]