Markets / Other

Jul 01, 2002 at 00:00

The secular trends concept holds that the long-term rise in stock prices displays a "stair-step" pattern. An interesting demonstration of this idea can be seen in Figure 1, in which…

May 11, 2002 at 00:00

This is a continuation of a three-part article in which I examine the Kondratiev cycle in its modern form to form an idea of future long term economic trends, including…

May 06, 2002 at 00:00

A potentially useful way to examine reduced prices is to look at their rates of change. Figures 2, 3, 4 and 5 show rates of price inflation, stimulation, and inflation…

May 05, 2002 at 00:00

Here A and B are parameters obtained by doing a linear regression of the actual price versus S over a moving 100 year period centered on the year of interest.…

Apr 16, 2002 at 00:00

My strategy is simple, I hold only two assets, "equity" and "cash". I increase my cash allocation as the stock market moves "down" and increase it as the market moves…

Mar 24, 2002 at 00:00

This is the first of a series of articles describing the progress of the Kondratiev cycle over a long period of time. It is an extension of a previous article…

May 26, 2001 at 00:00

During a secular bull market trend long term investors should be fully invested in stocks. Once a secular bear market trend has begun, asset allocation between stock and non-stock investments…

May 12, 2001 at 00:00

The Kondratiev cycle is a 50-60 year cycle in prices, interest rates and other economic variables. It was noted as early as 1847 in an article in the British Railway…

Apr 30, 2001 at 00:00

Professor Robert Shiller of Yale University published his book Irrational Exuberance at the height of the NASDAQ mania last year. Shiller made the argument that stocks were overvalued and would…

Apr 16, 2001 at 00:00

The P/R and relative P/R valuation concept starts with the idea that business resources (R) constitute the true measure of the intrinsic value of broad-based representative index of stocks such…