(OT) Heinz, Joel, I think some kinds of FA work well. Stock valuation may not have much to do with earnings, but it has a lot to do with estimated growth rate of revenue. When you look at the sectors that are soaring, like cell phones, internet, and linux, these are the ones based on new technology hitting the mass market. If you follow new developments in technology and can figure out what the next big trend is going to be, that's better than reading charts, better than reading balance sheets, better than anything, and it's a form of fundamental analysis. Similarly, if you follow commodity news and can see which way the balance of supply and demand is turning, then again you'll be making money by FA.
BTW, I'm not saying I've mastered this by any means, just that I think it's a good approach to investing.
Fun-da-Mental |
