Dancing with the Trend

September 2016

Dancing with the Trend

Technical Analysis and Its Return to Prominence

by Greg Morris

When I started in this business, most of my analysis was done with graph paper, colored pencils, and a very expensive red LED calculator (mid-1970s).  I subscribed to Barron’s and on Sunday afternoon would sit at my desk (which looked a lot like a kitchen table) and calculated various moving averages for the NYSE Index, the advance decline line (required a calculation of its own), and about 50 active stocks that I followed.  I would diligently plot them on graph paper as if they were to be preserved as future works of art. The bookstores in the Read More 

Dancing with the Trend

The Sales Pitches of Wall Street

by Greg Morris

I am on record for saying that academic finance is the marketing department for retail (sell side) Wall Street.  Note: Sell side is the secondary market where you buy and sell stocks; versus the primary market where capital is raised.  Over the years (notice I use that phrase often?) I kept a mental record of the things that clients have asked about in regard to the stock market.  Most of the time they were asking about things they were told by their advisor or brokerage salesman.  The best way to combat this misbelieving is to offer a counter to them. Read More 

Dancing with the Trend

Information - Actionable or Observable?

by Greg Morris

Back in the days of printed newspapers, magazines, and newsletters the acquisition of news and information was easier, or so it seemed.  The reason it seemed easier is that there was much less of it.  Today, with the internet, 24-hour financial media, blogs, and every conceivable method of acquisition, information is overwhelming.  Once I realized that some information was actionable and most of the rest was categorized as observable, then things became greatly simplified.  Hopefully this article will shed some light on how to separate actionable information from the Read More