Salient to Investors: From November 1957 to October 2007, the Best 6 Months strategy (sell in May and come back in November) gained 38 times, lost 12 times, for an average annual gain of 7% versus the worst 6 months of the year which lost 18 times for a less than 1% average annual
READ MORE... →Salient to Investors: Jeremy Grantham at GMO said high profit margins are not connected to reality and an aberration, propped up by a great surge in government spending that fueled consumption, and will send stock markets tumbling when they eventually revert to their mean. Grantham said lower margins are the great threat to
READ MORE... →Salient to Investors: Researchers Zhiwu Chen and Jan Jindra conclude: Small-cap stocks exhibit the sharpest decline in valuation from June to December and the highest rise from December to January. For most months, small-cap stocks have the lowest valuation among all size groups and are the hardest to value. Large
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