Can Markets Be Timed Accurately?
Market timing has long been the holy grail for investors, and evidence suggests that it works but might be a tricky game to play.
Market timing has long been the holy grail for investors, and evidence suggests that it works but might be a tricky game to play.
By Carlos Díaz Guell, in Madrid | May 15, in Madrid, was bank holiday in commemoration of its saint patron San Isidro. But the stock market was opened. The IBEX 35 closed that session at 6,700 points, ranking at September 2003 levels. Drawing on the daily exchange rate of that day, the drop so far this year (fall, thud, even crash if the readers would rather use a harsh word) has been of 22.27 percent and over 53 percent from November 2007. The…
NEW YORK | US authorities’ investigation into insider trading at hedge funds is expanding quickly. The last case: a Goldman Sachs IT analyst may have leaked insider information to hedge funds. According to the Wall Street Journal, Henry King, senior technology analyst at the bank in Hong Kong and one of the big fish of his field, well-known for his apologetic forecasts about IT firms, allegedly advised Goldman Sachs clients…