Monthly Archives: January 2011

Mean Reverting Momentum, or, a Dead Cat Bounce?

There have been debates between those who argue for momentum and mean-reversion.  I say, “Why Choose? You can benefit from both.”  Stock performance tends to persist after 12 months of outperformance, and tends to mean-revert after 48 months of underperformance.  Tonight’s screen reveals 33 stocks that were in the bottom quartile over the last 4 […]

Redacted Version of the January 2011 FOMC Statement

December 2010 January 2011 Comments Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at a rate that has been insufficient to bring down unemployment. Information received since the Federal Open Market Committee met in December confirms that the economic recovery is continuing, though at […]

The 54th

This is a little different.  Those who have read me for a long time know that I have a large family — eight children, with five adopted African-American children.  We also homeschool in the great State of Maryland, which, for all of its liberalism (so blue that it is indistinguishable from indigo) is actually quite […]

Book Review: The Little Book of Sideways Markets

I appreciate the cleverness and rigor that Vitaliy Katsenelson brings to value investing.  Value investing needs its popularizers, and Katzeneson does a very good job in explaining how good investing is a search after quality, growth, and value. I don’t view value investing quite the same way… my views of value investing are a hybrid […]