Two great investment posts... both related to investment by following market prices, rather than media blather, fundies, projections, etc.

QOTD
" Many short-term traders (and not a few individual investors) have missed a good amount of the rally from March because they have held onto longer-term bearish views and failed to separate those views from their reading of the tape."
- Dr. Brett, source
And...

QOTD2
"What's unique about price momentum based ranking system that no other variable claim, is that price cannot diverge from itself. Valuation, earnings estimates, economic fundamentals all have potential to move in the opposite direction of price, but price cannot diverge from itself. As a result, price momentum based ranking systems will lock on to the correct side of the trends. They also tend to get us out after a modest drawdown, thereby allowing profits to run while losses are cut short."
- Ned Davis from the stockbee, source
That stockbee post is nice because he specifically defines what he means by "momentum" in a stock. I'm thinking of ponying up the $150 annual fee to signup with stockbee... lots of good ideas, but I wish he tracked his performance. We'll see.

S&P 500 in 2009:
I'm not good enough to catch a lot of this wave, but I've caught some. I'm working on getting better. Fun and challenging... and hopefully, an alpha edge in the end.
ride the wave... yow, bill

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