October 25, 2008

Day trading futures – Assume, for example, that a fund had been wise and courageous enough to have sold out 50 per cent of its common stocks in December, 1928.

After all, the stock market, using the Dow-Jones industrial average as a measure, had already risen from around 150 early in 1927 to 300 at the end of 1928. In the ensuing nine months, prices rose to 390. What would the reaction of investors have been in July or August, 1929? Timing, then, is an attribute that the investor should not seek too ardently, either in the purchase of investment company shares or in his investment in individual shares. FORMULA PLANS One of the most interesting developments in recent years has been the device known as investment management through formula plans. As set forth succinctly by one student, the basis of formula plans is: "If the problem of timing cannot be met by forecasting the cycle or by rejecting forecasting, what is to be done?

Day trading futures – Assume, for example, that a fund had been wise and courageous enough to have sold out 50 per cent of its common stocks in December, 1928.

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