Articles for: ValueGain

It is a curious phenomenon of the human condition that we so often focus on effects rather than causes and we sometimes struggle with the idea that correlation does not imply causation.

After a substantial rally from the March low, US and Australian markets have recently lost momentum.

As it turns out, this was amazingly prescient, with the market rallying strongly between then and now.

When it comes down to a choice between technicals and fundamentals, technicals usually win out.

Last week I examined the performance of the Japanese market over the past 20 years and claimed that although the major indices have declined by around 69% in that time, the experience for long term investors would be substantially better provided even the most basic of principles were applied.

They say that one should always avoid speaking of politics and religion in polite conversation.

In my last article I noted that we could be approaching technical resistance in the S&P 500 and that I am paring back my long positions as individual charts begin to show weakness.

Attempting to calculate the ‘fair’ or ‘intrinsic’ value of a listed company is no easy task.

At a recent trivia night the host offered free drinks to the person who could outlast everyone in a game of heads or tails.

What an amazing couple of weeks. Just when it looked as if a new downtrend had become established, the market reversed direction and went on to carve out some of the most aggressive runs we’ve seen in a long time.