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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (13314)	3/22/2001 5:26:13 PM
From: Alan Whirlwind	Respond to of 42834

I think the bottom is more or less in. Today the dow made a huge recovery from opening collapse. Nas closed with strength.

To: Boca_PETE who wrote (13314)	3/22/2001 9:46:14 PM
From: Yogizuna	Respond to of 42834

Oh yes, I certainly agree one of the hardest things to do on planet earth <g> is to predict the future, especially the future of the stock market even though a long term bull market will make many appear as geniuses and gurus..... And when the sheeple become firm believers in market timing, then I will toss my Metastock and TC2000 programs into the round file. <big grin> Yogi

To: Boca_PETE who wrote (13314)	3/23/2001 1:17:03 AM
From: Kirk ©	Respond to of 42834

Someone I admire and with tons of academic clout agrees with me re: Beta in this month's Forbes. After reading this article, you will get a better understanding of why I think Dreman is one of the better "experts" out there. forbes.com Well, they don't deliver those rewards. Even Eugene Fama, one of the early apostles of the efficient market theory built around statistics like beta, renounced his faith in the yardstick. In a paper he coauthored with University of Chicago colleague Kenneth French in 1992, Fama found that no correlation existed between risk and return. In Fama's words: "Beta is dead." To me, this is intuitive, but Dreman is so good with putting thoughts to words so everyone can understand. Hopefully, this will explain why I consider measuring beta of a portfolio mostly a waste of time. Kirk out