Replies to post #610195 on $Stock*Shop*Charts*News*Option$

[bar1080]

Investing Thought For The Day: "90 years ago he showed stock forecasting was BS:"


"Born in Chicago in 1891 and educated at Yale, Alfred Cowles became a successful businessman. But his true passions were economics and statistics. One question in particular exercised his mind — is it possible to beat the stock market? — and in 1927 he set out to find the answer.

Over a period of four-and-a-half years, Cowles collected information on the equity investments made by the big financial institutions of the day as well as on the recommendations of market forecasters in the media. There were no index funds at the time, but he compared the performance of both the professionals and the forecasters with the returns delivered by the Dow Jones Industrial Average.

His findings were published in 1933 in the journal Econometrica, in a paper entitled Can Stock Market Forecasters Forecast? The financial institutions, he found, produced returns that were 1.20% a year worse than the DJIA; the media forecasters trailed the index by a massive 4% a year.

“A review of these tests,” he concluded, “indicates that the most successful records are little, if any, better than what might be expected to result from pure chance.”

https://www.evidenceinvestor.com/cowles-forecasters-cant-forecast/

[Trueheart]

Ske, thanks for sharing the wisdom.

Unfortunately, the room I sat in had all the tiles missing.

Rombauer's win in The Preakness may not have proved that Baffert's ponies have been juiced but the race results hopefully may start a campaign to put an end to his questionable career as trainer of elite horses.

Trueheart

[fuzzy]

Some of the stocks that may grab investor focus today are:
AT&T Inc. (NYSE: T) is in talks to merge its media assets with Discovery Communications Inc (NASDAQ: DISCA), Bloomberg reported. AT&T shares rose 1.7% to $32.80 in pre-market trading, while Discovery shares jumped 12.5% to $40.10 in the pre-market trading session.
Wall Street expects Tencent Music Entertainment Group – ADR (NYSE: TME) to report quarterly earnings at $0.09 per share on revenue of $1.20 billion after the closing bell. Tencent Music shares rose 1.9% to $15.50 in pre-market trading.
KKR & Co Inc (NYSE: KKR) is in talks to buy U.K.-based sustainability consulting company ERM Group Inc., Bloomberg reported. KKR shares gained 1.9% to close at $56.14 on Friday.
Ryanair Holdings plc (NASDAQ: RYAAY) recorded its biggest annual loss in its history as the covid-19 pandemic impacted international travel. Ryanair shares rose 1.2% to settle at $115.91 on Friday.

[MiamiGent]

That was insightful. Thanks for posting, Larry!