Going Sideways For 5 Years?
Reader Jim posed an interesting question: Just read this article on Morningstar about the likelihood of a sideways market over the next 5+ years. Basically, the author, a senior vice-president at Legg Mason (fancy title for being a “chief salesman”) think we’ll likely be in a sideways stock market where momentum investing won’t work very well and value stock picking will. Isn’t your system basically a momentum style of investing?
Tiebreaker
No, this discussion is not about a tiebreaker in a tennis match, although with a similarly intended outcome. Reader David emailed recently and pointed out that in the StatSheet some of the mutual fund/ETF rankings (as per my M-Index) were showing a tie
Dutch Lady posts 4Q net profit of RM16.05m, warns of difficult year
Dutch Lady posts 4Q net profit of RM16.05m, warns of difficult year Written by The Edge Financial Daily Thursday, 18 February 2010 20:01 Bookmark and Share KUALA LUMPUR: DUTCH LADY MILK INDUSTRIES BHD [] posted net profit of RM16.05 million in the fourth quarter ended Dec 31, 2009, up 16.6% from RM13.76 million a year ago as it benefited from favourable dairy raw material prices and effective marketing activities. However, the company’s board expects a difficult year ahead because of an anticipated increase in dairy raw material prices and increased competition. It said today revenue rose 2.5% to RM169.52 million from RM165.34 million
Nothing Learned
A couple of weeks ago, MarketWatch featured a story titled “ Don’t Just Do Something; Sit There .” Here are some highlights: You learn in grade school that a correction fixes something that is wrong. That’s why “correction” is such a difficult term when it comes to the stock market and investing, because the market is said to be in a correction when it is moving backwards after a big advance.