Professor Mark J. Perry's Blog for Economics and Finance
The MSCI World Stock Market Index reached 1,176.35 today, the highest closing index value since October 1, 2008, almost 15 months ago. From the March low of 688.64, the benchmark world stock index is up by almost 71%, and from the first of the year by almost 28%.
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
3 Comments:
Up 71 percent from the low!
Buy on the scare. Buy when others are whimpering, predicting doom.
Invest in Asia. Live in Asia. Eat Asian food.
The last 20 year global boom? Just the first inning. The second inning starts now.
Okay, it is football season. The second quarter starts now, and there are going to be lots of touchdowns.
You can hit a home run through the goalposts, score all the way from first base on the 20 yard line. Three point shots are easy, for shortstops.
That's how easy it will be making money in Asia in the next 20 years.
There is no crying in baseball, or investing in Asia.
I don't know. "Markets down 35% over 2.5 years" is a bear market.
"Markets down 60% then up a bit from the lows, so it's only down 35% over 2.5 years" - that's a bull market.
But it's the same thing.
Well Professor, I bought EPP on the dip below $40, based on my TA signal, and we haven't even seen a MACD Historgram or DX crossover yet. You finally got one right...with room to spare.
I bought big. Wish me luck, I'm profit taking within two weeks.
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