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Efficient Market Theory

Burton Malkiel Defends the Efficient Market Hypothesis
CNBC’s Steve Liesman interviewed Princeton University economist Burton Malkiel, author of the excellent book...
- Posted April 13, 2012
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MIT’s Andrew Lo Advises Diversifying Across Asset Classes
In the latest edition of WealthTrack, Consuelo Mack interviewed MIT Sloan School of Management...
- Posted February 29, 2012
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Jeremy Grantham: The Market is Gloriously Inefficient
Jeremy Grantham has released his latest investment letter which he dubs, “The Longest Quarterly...
- Posted February 26, 2012
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A Bill Gross Fund Serves Proof the Market is Not Efficient
Bloomberg’s Sree Vidya Bhaktavatsalam and Alexis Leondis report that six of the 10 most...
- Posted February 17, 2012
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Actively Managed Mutual Fund Holders are Getting the Shaft
The Street reports that, on average, actively managed large-cap funds are having an extremely...
- Posted December 16, 2011
- 2
Just About Everything You Wanted to Know About the Efficient Market Hypothesis
Philip S. Russel and Violet M. Torbey, both academics, have written an extensive article...
- Posted November 17, 2010
- 2
Study Indicates Hedge Fund Managers Have Skill
Awhile back Social Science Research Network (SSRN) published a study by Wesley Gray, University...
- Posted May 15, 2010
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Brett Arends Says Investors Can Successfully Time the Market
In an article posted at Marketwatch, financial writer Brett Arends...
- November 6, 2013
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Study Indicates Low Volatility Stocks Outperform
Nardin L. Baker of Guggenheim Partners Investment Management, and Robert A....
- May 29, 2012
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George Soros: Europe in Deflationary Debt Trap, Unlikely to Survive
George Soros recently delivered a speech at the Institute For...
- April 22, 2012
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Burton Malkiel Defends the Efficient Market Hypothesis
CNBC’s Steve Liesman interviewed Princeton University economist Burton Malkiel, author...
- April 13, 2012
- 0
MIT’s Andrew Lo Advises Diversifying Across Asset Classes
In the latest edition of WealthTrack, Consuelo Mack interviewed MIT...
- February 29, 2012
- 0

iShares Global REIT ETF Sold
Investor euphoria/greed has been elevated with the extension of...
- January 20, 2021
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iShares Silver Mining ETF Increased
With interest rates creeping up and the US Dollar...
- January 12, 2021
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iShares Silver Miners ETF Added
The iShares MSCI Global Silver Miners ETF (SLVP) was...
- December 21, 2020
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Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
- 12
Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
- 8
Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
- 7

Based on a scale of 1 (major complacency) to 10 (extreme fear): Current and Selected Past Readings:

Date	Index	SMA Comment
1/20/2021	2.3	Massive stimulus and Fed support have nearly eliminated fear
3/23/2020	7.0	Coronavirus and oil price war panic investors to the highest level of fear since October 2011
12/26/2019	2.3	Lowest level of fear in nearly two years (January 2018)
12/21/2018	6.7	Raised fears likely setting up a buying opportunity
1/11/2018	1.8	Unusually low fear could mean we're near the top in valuations
1/13/16	6.3	Terrible start to 2016 raised fears
10/3/11	8.5	A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense
3/9/09	7.0	Market bottom (S&P 500 @ 666); end of the world was nigh
10/27/08	8.8	Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers
10/12/07	3.2	Market top (S&P 500 @ 1,562); worldwide housing bubble pricked