Feb

1

Almatarians of the world. Prepare to be befuddled like the rest of us.

Vince Fulco writes:

As Chair would often say, usually when he was closing a winning trade, "Haa!!" Reminds me of Omar Sharif shouting the same in Lawrence of Arabia when he was protesting blasphemy and falsehoods.

Victor Niederhoffer writes: 

On those all too rare occasions when one had a winning trade, one would hope that I was not exuberant enough to say "Ha" or anything like that but would maintain my dourness– except in the case where a flexion lost.

Rocky Humbert writes:

Here's another broken almatarian trade:

The "theory" from Mark Hulbert:

CHAPEL HILL, N.C. (MarketWatch)

— Attention, investors in small-cap stocks: January is your month to shine. In fact, small-cap strength is so concentrated in the first month of the year that you might as well not bother favoring the sector during the rest of the year. That, at least, is the inescapable conclusion to emerge from my analysis of the relative performance of large and small-cap stocks over the last eight decades. I based my analysis on the database maintained by finance professors Eugene Fama of the University of Chicago and Ken French of Dartmouth. Click here to see the database yourself. 

The "fact" Russell 2000 Small Cap Index YTD: -0.36% S&P 500 Index YTD: +2.1%

The "meal" interested readers of this site can investigate whether a reverse January Small Cap Effect is predictive of whether the small caps will outperform/underperform for the rest of the year.

(Disclosure: I am currently long the S&P500 and short the Russell2000 as a hedged structural position — but my position may change at any time.) 


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