The eastern sides of each mountain range create a rain shadow wicking away moisture that would be available to Death Valley. The same thing happens to stock market profits.
One of the first rules I learned when I first began trading and investing is that if a stock was to go down 50% from where I bought it, in order to break even, it would have to go up 100% in order to breakeven on the stock.
IBD was the system I cut my investing and trading teeth on. Even today when I look at how far I’ve come since then I still believe that they at Investor’s Business Daily really add very much value to any discussion of the stock market. So when I read and article like this from the Pragmatic Capitalist, a more recent following, I take notice. Short article. Whether you’re an investor or a trader read it now!
With only 2 more trading sessions in 2009 Corey points out something that we should take note of and carry that knowledge into the new year. This is for traders and investors alike.
This isn’t strictly for the investors out there. The intel can be used by all.
“If they are right,” one hedge fund manager told the FT of Paulson, TPG-Axon’s Dinakar Singh and Robertson, “they will make a fortune. If they are wrong, they haven’t lost much.”
This is a very positive development that flies in the face of the theory that if we have more transparency in our mutual funds then it would be bad for the investors of those mutual funds. Who knew? We did, didn’t we?