kowalski

Just How Bad Was June?

Excellent!

Looking Harder for Equity Returns

All you are saying, basically, is to expect returns to reverse to mean (short term), which is ok, but how to exploit this practically is not so obvious, because it tends to be easy to buy the bad stock and to sell the good stock. What if the one stock you sell after a 100% run up (short term) is the very stock that trades 10 times higher (long term)?!