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’What’s in a company name? If it’s ‘China’, it matters
Interesting story from the WSJ on the positively bubblicious effect that adding the word ‘China’ has on a company’s equity:
Dozens of tiny companies have gotten big stock-market boosts simply by adding the word “China”
Congressional Alpha
US legislators appear to be rather shrewd stock pickers.
Congressional equity portfolios outperformed the wider market by an average of 55 basis points per month from 1985 to 2001, according to research cited by the Washington Post.
European investment funds see risk appetite return
Well what do you know. The latest research from Greenwich Associates has found that risk appetite has returned among retail clients of European investment funds — particularly for corporate bonds.
The herd vs the reward, or in praise of contrarian investing
In a typically erudite note on Wednesday, SocGen’s Dylan Grice declared his allegiance to the anti-groupthink brigade, warning of the deleterious effect of the herd mentality on returns.
As he put it:
Why day traders will never win, Chicago PMI edition
Amid the rise and rise of retail-oriented sites like StockTwits, the declarations of legislators like Senator Ted Kaufman that markets ought to be fair and the continuing (inexplicable) influence of Jim Cramer,