RE:Momentum Trading - not a good quarter...sunshine7, top medals for being a great bull here!
For long term, 100% agree, fundamentals work. For short term investors like me and the guys I hang around with (one is a pro retail trader), we're all contrarian short term investors.
We make money off short attacks.... like this one... without getting our hands dirty at all.
Contrarian investing is the best way for short term small retail investors.
Watch what happens on CXR and thank us later. LOL
sunshine7 wrote: interesting article at G&M.
https://www.theglobeandmail.com/globe-investor/investment-ideas/the-momentum-trade-has-backfired/article29499552/
Ive heard the same things before. There becomes a prevailing wisdom that value has lost its way, that valuation metrics have lost their way. Yet time and time again, the valuation you pay for a company relative to the cash flow its generating is as timeless as a great Sinatra song, said David Sowerby, a portfolio manager at Loomis Sayles & Co. It lends itself to longer term sustainable returns than the short term momentum game.