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07-14-2016, 12:53 AM
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#61
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2008
Posts: 35,712
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Didn't Farma and French show that small-cap value stocks outperform over long periods?
Of course small-cap values do not do that every year. My point was that no segments outperform all the time.
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07-14-2016, 05:17 AM
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#62
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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 Quote:
Originally Posted by NW-Bound
Didn't Farma and French show that small-cap value stocks outperform over long periods?
Of course small-cap values do not do that every year. My point was that no segments outperform all the time.
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Yes. Supposedly cheap (as in, low book value) & small outperform consistently with long intermediate underperforming stretches.
Greenblatt claims cheap (as in, low P/E) and high ROIC works.
All those make sense: big companies can't go 10x as easy as small companies, a high ROIC indicates a company with a winning business model, and low competition. Cheap doesn't need explanation I guess.
The volatility however in aggregate goes up as well. Small companies go bust more easily, for example.
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07-14-2016, 08:26 AM
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#63
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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Looks like all 3 major indices will be at new highs today, or in the near future. It's been an interesting ride, so far this year!
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11-22-2016, 04:53 AM
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#64
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2005
Posts: 10,252
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PSA: S&P500 traded at over 2200 overnight. I recall some folks were saying they would take action at 2200 or other were bets made, but I forget the details.
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11-22-2016, 06:31 AM
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#65
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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Quote:
Originally Posted by dixonge
Looks like all 3 major indices will be at new highs today, or in the near future. It's been an interesting ride, so far this year!
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It would be great if the last 2 years of consolidation serves as a rally base, but we will just have to wait and see.
Quote:
Originally Posted by LOL!
PSA: S&P500 traded at over 2200 overnight. I recall some folks were saying they would take action at 2200 or other were bets made, but I forget the details.
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I took 2% out of equities in August around 2185 as part of a long term AA adjustment approaching RE. Now I will look to 2300.
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"The mountains are calling, and I must go." John Muir
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11-22-2016, 08:13 AM
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#66
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Wow! That's lovely that the market is doing so well. S&P 2202, Dow 19,001.
Back when I did my original Wheee!!! post, in 2007, the Dow had just risen past 14,000 and that was a record high. Now, we would all be crestfallen if the market fell down to that level.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-22-2016, 08:16 AM
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#67
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2008
Posts: 12,659
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And look what happened!!
Quote:
Originally Posted by W2R
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If you understood everything I say, you'd be me ~ Miles Davis
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Even a blind clock finds an acorn twice a day.
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11-22-2016, 08:17 AM
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#68
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by LOL!
PSA: S&P500 traded at over 2200 overnight. I recall some folks were saying they would take action at 2200 or other were bets made, but I forget the details.
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I'm just watching CAPE10 climb up steeply as company earnings haven't been keeping up with equity prices.
I'm expecting my portfolio to take a severe beating one of these days, who knows when, but we are almost 8 years from the low of 2009. We had a solid correction at the start of this year, but it didn't slow down the rise much.
Santa Claus rally time - it looks like a classic this year. This is the time of year my distributions are paid in cash and I take my annual withdrawal. I always prefer my equities be higher when distributions are paid and I take my withdrawal.
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Retired since summer 1999.
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11-22-2016, 08:19 AM
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#69
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by W2R
Wow! That's lovely that the market is doing so well. S&P 2202, Dow 19,001.
Back when I did my original Wheee!!! post, in 2007, the Dow had just risen past 14,000 and that was a record high. Now, we would all be crestfallen if the market fell down to that level. |
OK, so I suggest you wait until Dow 21,000 this time! 
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Retired since summer 1999.
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11-22-2016, 08:20 AM
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#70
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Yeah, we should have a poll on Q1 2017 equity returns.
My (virtual) money would be on minus 10%.
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11-22-2016, 08:22 AM
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#71
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Give me a museum and I'll fill it. (Picasso)
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Location: New Orleans
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-22-2016, 08:24 AM
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#72
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Great contrast: Blue shirt vs. Yellow shirt reaction.
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11-22-2016, 08:26 AM
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#73
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Give me a museum and I'll fill it. (Picasso)
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Location: New Orleans
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Quote:
Originally Posted by Totoro
Great contrast: Blue shirt vs. Yellow shirt reaction.
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Blue shirt looks happy like me. Yellow shirt looks kind of bored, though, probably dreading the inevitable drop.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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