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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Joshua Corbin who wrote (904)11/23/2000 4:49:44 PM
From: tradermike_1999  Respond to of 74559
 

The short-term direction of the market is essentially random. Historical returns, however, show stocks outperforming bonds over the long term.


So do you believe in random walk theory?



To: Joshua Corbin who wrote (904)11/23/2000 7:24:44 PM
From: robnhood  Respond to of 74559
 
<<he short-term direction of the market is essentially random. Historical returns, however, show stocks
outperforming bonds over the long term. >>

What stocks? They change the components of the "market" constantly. Most of the high flyers recently weren't even around a few years ago. Lot's of the ones that were the "market" are now worthless or close to it.
Liars figure, figures lie.