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Third Eye Market Analyst
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Career Trader/Market Analyst & now Trading Educator Created Fair Volatility Estimate (FVE) Model. FVE calculates "fair value" of VIX using just SPY price data and forecasts trend of VIX. Huge potential for FVE to be incorporated to trading volatility instruments. Sharing my... More
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Third Eye Market Analyst
  • Market Commentary, Micro Stock Pickers Now in Control, rather than Macro Hedge Funds. 0 comments
    Jul 26, 2010 12:32 PM | about stocks: GE, NFLX, AMZN
    -Fears of double-dip recession are subsiding quickly. Earnings announcement, management outlook and recent economic news are reassuring investors that the global economy would not be as weak as investors had feared.
    -This may be obvious, but what I am seeing in the markets now are low Price to Earnings multiple (PE) stocks with growth potential or improving outlook, especially those levered to global growth, being bought, while stocks that disappointed expectations and have high PEs are being sold. GE is a good example of the former, AMZN and NFLX are good examples of the latter.
    - The characteristics of the market recently has definitely changed from May and June.  Lower volatility and less correlation among stocks or even stocks within the same sector.  I believe this is the result of investors looking at valuation, rather than macro themes and is healthy for the overall market. 


    Disclosure: No positions
    Stocks: GE, NFLX, AMZN
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