... no magic... see the following articles: http://www.behaviouralfinance.net/clustering/Nied66.pdf http://www1.fee.uva.nl/creed/pdffiles/cluster.pdf...
I think there is a semantics issue here. Magic numbers are numbers that people give a high amount of attention and significance, 4ex a goal of 10% earnings...
I believe that expectation is discounted in share values of 3-5x book. ~Jan ... but seeing the US dollar is in terminal decline, I think the best punt would be...
Interesting link, thank you. ~Jan ... me. ... real and the us markets are stuffed. ... http://www.ess.ucla.edu/faculty/sornette/prediction/index.asp#predict ...
I am not a trader by profession but by whatever knowledge I possess of the Trading business-I think going short makes sense. If not-please do explain in simple...
Dear Bob, You mentioned before the issue of "Mean-Reversion" as the under- pinning of an episodic trend channel. Reading some material on the subject, I...
From my own knowledge, the price will fluctuate ;-) Peter ... From: Sonam Donkar To: Behavioral-Finance@yahoogroups.com Sent: Tuesday, December 02, 2003 11:05...
... line", ... confining ... I will leave bob give his answer, but for me it could also be labelled reversion to the extremes (the underreaction / adjustment /...
Earnings Suprise is attractive Strategy for active stock selection, but recently the "plain approach" about earnings surprise seems to be less effective than...
This concept is more contradicting from the Pricing strategy suggested by Kotler. He emphasized that Round numbers generally do not attract the usual customer...
Hello, Dear Members I'm doing research about portfolio optimization. Seems,like the main theoretical framework of all academic researches is Efficient Market...
Hi, Alexander and all! Seems to me that the EMH holds its attraction from the fact that it reflects partially the market phenomena and that its mathematical ...
Alexander - There are two works by Shefrin and Statman - Behavioral Capital Asset Pricing Theory Hersh Shefrin, Meir Statman Journal of Financial and...
Alexander - Maybe you should check before port optim what market you are in and in what ways this market is (in)efficient. I have found that in terms of...
... academics "infiltrated" by the "old school" ... leave the stage before long Obviously, percolation of new paradigms takes long, not only because they need...
Peter, I made another mistake, this time here. I read the first mail on the list and wrote on that which was of long time ago. Sincerely sorry. With regards, ...
I would like to add a comment to Peter's words. Although its very logical that the retrospectivistic character of chartism leads to the prolongation of...
Hi Alexander and Peter, Regarding optimization, there have been recent studies on spin-glasses and portfolio optimization (see attached link). Regarding...
any private bankers here? do you find that private clients dont want their money invested BF-like? this is a common case in zurich and london. and i would also...
any private bankers here? do you find that private clients dont want their money invested BF-like? this is a common case in zurich and london. and i would also...
There is a burgeoning liturature on market micro structure, incomplete markets and all the stylized facts of the markets that contradict the assumptions ...
... Peter, by equal deviations from the mean, i meant not equal above and under the mean, but equal in respect to the each line (e.g. each line's border in the...
As many know here, EMH is usually conceptually believed (accepted) by academics in degrees, often stated as one of two or three alternatives: the Strong Case...
... To clarify, the semi-strong form subsumes the weak form, so to accept the former implies accepting the latter, so the above is taken to mean the strongest...
... The EMH has no serious rivals, but the following have been put forward: Coherent Market Hypothesis Fractal Market Hypothesis Swing Market Hypothesis ...
Dear Group, I recently joined this group and am greatly enjoying the discussions thus far. My initial glimpse into the world of Behavioral Finance came during...
