Dave your site is still not loading properly, for Netscape viewers. I also think you need to test it remotely from some other sources other than your own computer(s).
I do not think momentum investing is dead by any means. Wounded badly, and I do agree that another 15% off the Nasdaq Composite is definitely possible. I believe that momentum investing simply will be much more selective while we wait to see if the FED wants to send us into a recession or not. Companies will have to have actual profits, or at least give us the reason to believe they can generate profits, before investors can justify momentum investing for the immediate future. Lets face facts, investors had been willing to throw plenty of money at any stock in a hot sector lately. Now the old economy stocks, and those with actual earnings, that do not disappoint, are hot.
Are these momentum stocks?
Well... old economy stocks moving into new markets may not be momentum stocks but they are still climbing. Hot momentum stocks running higher simply because they put the latest hot stock buzzword in a press release....
That might be dead for a while because it could not last in an environment where interest rates are rising and the threat of inflation is a good reason to continue to raise rates. Momentum investing will certainly take a breather but before you declare it dead why not prove the value of your own Momentum Monkey by making the site accessible to all viewers. Have you tried to see how it works for Netscape yourself? It's fine for Internet Explorer but you are locking out a lot of visitors because it does not work for Netscape.
I was wondering if your model takes into account the past high and low P/E's of the stocks, and other indexes, that generate your overall indicator? How about the FED's interest rate bias? How is that factored in?
Do you see what I am implying? The threat of ever increasing interest rates is a huge factor here. Employment at all time highs? The number of American's in prison at all times highs too? Something is going on here. What are we doing? Inflating the prison population? Sorry, I'm a bit off track but the point remains the same, any indicator can be proven right, short term, but it's only as good as the data that creates it, the way it is loaded, and the way it is interpreted. The concept behind Momentum Monkey looks promising...
Best of luck, RTS |
