Search found 801 matches

by Lauretta
Thu Nov 08, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding Risk & Return
Replies: 19
Views: 1555

Re: Larry Swedroe: Understanding Risk & Return

Hi Lauretta, I’m not that familiar with Taleb. My understanding is that he promotes a huge allocation to the safest investments and a small allocation to the highest risk/highest expected return : barbell approach. Makes sense that his high risk investments might have the lottery like positive skew...
by Lauretta
Wed Nov 07, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Good explanation of how bond funds don't get crushed in rising rate environment
Replies: 64
Views: 6196

Re: Good explanation of how bond funds don't get crushed in rising rate environment

I've yet to read through a quality explanation of why bond funds don't get hammered in a rising rate environment? The lazy analysis you hear a lot is that bonds are a terrible place to be in such an environment. Can someone provide a thorough explanation of how bond funds that many of you invest in...
by Lauretta
Wed Nov 07, 2018 3:27 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding Risk & Return
Replies: 19
Views: 1555

Re: Larry Swedroe: Understanding Risk & Return

If this article sparks your interest, I recommend reading Larry’s newest edition of Reducing The Risk Of Black Swans. Dave It's interesting that you mention Black Swans because as far as I understand the three alternative investments described in the article are vulnerable precisely to Black Swans ...
by Lauretta
Thu Oct 25, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Two Articles On Reinsurance
Replies: 56
Views: 5338

Re: Larry Swedroe: Two Articles On Reinsurance

I’m not Larry, but I think I have a couple of answers. First of all the reinsurance fund invests in a wide variety of diverse risks. Each individual risk has a big left tail, but the left tail riskmof the fund is greatly reduced by the diversification. Second, what matters is the left tail risk of ...
by Lauretta
Thu Oct 25, 2018 8:32 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Two Articles On Reinsurance
Replies: 56
Views: 5338

Re: Larry Swedroe: Two Articles On Reinsurance

http://www.etf.com/sections/index-investor-corner/swedroe-managing-risk-reinsurance?nopaging=1 http://www.etf.com/sections/index-investor-corner/swedroe-high-uncorrelated-risk This week Larry has posted two articles on reinsurance as a potential portfolio addition. All that matters is the behavior ...
by Lauretta
Thu Oct 25, 2018 5:22 am
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12258

Re: Smart money bailing on the market, time to get out?

I have not seen Taleb using the word "gabish." He is very careful with his vocabulary. Other than that, I cheer you as a fellow Taleb fan and envious of you because I can't read him in French. Victoria I also find Taleb fun to read, though I am not sure I would qualify him as 'careful' with his voc...
by Lauretta
Thu Oct 25, 2018 1:32 am
Forum: Investing - Theory, News & General
Topic: 'Smart money' bailing on the market, time to get out?
Replies: 92
Views: 12258

Re: Smart money bailing on the market, time to get out?

I have not seen Taleb using the word "gabish." He is very careful with his vocabulary. Other than that, I cheer you as a fellow Taleb fan and envious of you because I can't read him in French. Victoria I also find Taleb fun to read, though I am not sure I would qualify him as 'careful' with his voc...
by Lauretta
Sat Oct 20, 2018 1:03 am
Forum: Investing - Theory, News & General
Topic: DFA small value... acitve management?
Replies: 103
Views: 6225

Re: DFA small value... acitve management?

I think it's just a question of terminology. People from AQR and DFA define their strategies as active; Swedroe on the other hand defines them as passive bcause they are rules based.
by Lauretta
Fri Oct 19, 2018 4:15 am
Forum: Investing - Theory, News & General
Topic: Italian crisis: which are more at risk, big banks or big insurance companies?
Replies: 2
Views: 493

Italian crisis: which are more at risk, big banks or big insurance companies?

The yield of Italian govenrment bonds is increasing and apparently hundreds of billions worth of them are owned by banks, as well as by Insurance companies like Assicuarazioni Generali (where retail investors can also invest their money in structured products guaranteeing their capital). I don't kno...
by Lauretta
Sat Oct 13, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4901

Re: Is EMH a tautology?

The EMH is not an argument from authority. It has its own internal logic. Academics are not stupid. The fact that it has internal consistency does not make it true. The internal consistency may be useful in the academic world; papers can be published and people can get tenure thanks to it; but it d...
by Lauretta
Sat Oct 13, 2018 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in ETF (different currencies)
Replies: 9
Views: 564

Re: Investing in ETF (different currencies)

you might have different tax treatment depending upon the currency the ETF is labelled in. Suppose you buy an ETF labelled in USD, the assets go up 10% as measured in pound sterlin, but if the USD goes up 10% too, the ETF value in USD won't have changed. So if you sell it you will have made no profi...
by Lauretta
Sat Oct 13, 2018 8:57 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4901

Re: Is EMH a tautology?

That's what makes the "H" in EMH a hypothesis. If it were "proven" (a difficult term to use considering most scientific research will never use the term proven but will only speak in terms of statistical significance, which means that there's always some percentage chance that results you got were ...
by Lauretta
Sat Oct 13, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4901

Re: Is EMH a tautology?

In the context of individual investors EMH is a perfectly fine guiding principle; more fortunes have been lost trying to beat the market than in simply accepting what the market gives you. Yes I totally agree, and I think that index funding is good for me. But the reason why it's good for me is tha...
by Lauretta
Sat Oct 13, 2018 6:58 am
Forum: Investing - Theory, News & General
Topic: Is the performance of the technology sectors across the world highly correlated?
Replies: 2
Views: 348

Re: Is the performance of the technology sectors across the world highly correlated?

It looks like, at least in the short term, the answer to my question is yes: the FAANG fell and tech stocks across the world did too last week; more sharply than the rest.
by Lauretta
Sat Oct 13, 2018 6:06 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4901

Re: Is EMH a tautology?

It is just a tautology and I am more and more puzzled why people (besides academics) take it seriously. Academics don't take it seriously. They haven't taken it seriously since Sitglitz & Grossman's 1975 paper (i.e. 43 years ago ). Shiller's 1981 paper (i.e. 37 years ago ) was the nail in the coffi...
by Lauretta
Sat Oct 13, 2018 5:12 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4901

Re: Is EMH a tautology?

We only talk about EMH under the understanding that it is a model that is not 100% correct anyway. No models of this type in markets are supposed to describe the world perfectly, just potentially in some or many contexts, usefully enough. Yes, my claim was precisely that it is not a model. A model ...
by Lauretta
Sat Oct 13, 2018 4:39 am
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4901

Is EMH a tautology?

In a discussion yesterday where I was trying to articulate my thoughts on EMH, I wrote that since EMH cannot be tested because it has no predictive power (due to the joint hypothesis problem - meaning that you will never kown whether it's EMH that is false, or the asset pricing model used that is fa...
by Lauretta
Fri Oct 12, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

ok but don't these examples show that the idea that prices reflect available information on firms is absurd? Prices may fall a lot, like you note, just because there's a big seller (and no change in the information about the firm). The efficient market hypothesis concerns more than just information...
by Lauretta
Fri Oct 12, 2018 12:28 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

ok but don't these examples show that the idea that prices reflect available information on firms is absurd? Prices may fall a lot, like you note, just because there's a big seller (and no change in the information about the firm). The efficient market hypothesis concerns more than just information...
by Lauretta
Fri Oct 12, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Yes they are. If you want a finance PhD to instruct you on the subject . . . Asness and I both studied with the same professor who, not coincidentally, won a Nobel Prize for his work on the topic. So I'm feeling pretty good about my instruction already. Cool. I am happy that you have such a great e...
by Lauretta
Fri Oct 12, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

EMH is not a model. It doesn't have any predictive power. It cannot be tested and as such it can never be falisfied. It is a dogma or tautology, because you always need an asset pricing model to go with it, and you could always claim that the problem lies with the latter which need improving. Yeah,...
by Lauretta
Fri Oct 12, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Stocks are not "on sale" but are actually repriced to reflect a new, slower growth world. So you mean that the growth prospects for European small caps suddenly changed on Wednesday at 3.30 pm (when their price suddenly dropped), and have today improved? No I mean the marginal buyer & seller in the...
by Lauretta
Fri Oct 12, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Preposterous is too strong of a description of the EMH, but the EMH assumes that market participants are rational beings, the biases of any one of whom are cancelled out in the other direction by the other participants. Many people think that EMH makes that assumption, but it doesn't. I know severa...
by Lauretta
Fri Oct 12, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Exactly, Mr Bogle said in the video that Fama and collegues claimed all the credit for index funds, whereas he had never even heard of them when he created his. In other words, my take on it is that to be an indexer you don't have to believe in EMH. I think EMH is pretty absurd, some of the claims ...
by Lauretta
Fri Oct 12, 2018 11:12 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Exactly, Mr Bogle said in the video that Fama and collegues claimed all the credit for index funds, whereas he had never even heard of them when he created his. In other words, my take on it is that to be an indexer you don't have to believe in EMH. I think EMH is pretty absurd, some of the claims ...
by Lauretta
Fri Oct 12, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Valuethinker wrote:
Fri Oct 12, 2018 10:27 am

Stocks are not "on sale" but are actually repriced to reflect a new, slower growth world.
So you mean that the growth prospects for European small caps suddenly changed on Wednesday at 3.30 pm (when their price suddenly dropped), and have today improved?
by Lauretta
Fri Oct 12, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Stocks are priced logically over time, but daily movements are a random walk. As far as 'on sale' that is relative to some other price. A stock can be 'on sale' and still be a terrible deal. I hear Sears is about to go on clearance. All sales final!! :wink: Yes that's correct. But for ETFs it's a b...
by Lauretta
Fri Oct 12, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

The market doesn't have to look backwards or react to what happens. The market can look forward, i.e. "price in", what people think is going to happen. If people think that interest rates are going to continue to rise, then the dividend discount theory can lead them to sell. these are good points, ...
by Lauretta
Fri Oct 12, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Also, EMH may be the foundation of Bogleheads philosophy, but it has nothing to do with Mr Bogle's decision to create index funds. I saw an interview of him where he says that he didn't even know about EMH at the time. Eh - Bogle is not noted for being a theorist. And does a practitioner need to kn...
by Lauretta
Fri Oct 12, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Nisiprius post is very odd to me. He speaks of the dividend discount theory and rising rates. Yet rates did not rise suddenly overnight to justify the drop on Wednesday morning in US stock prices. The market doesn't have to look backwards or react to what happens. The market can look forward, i.e. ...
by Lauretta
Fri Oct 12, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

He speaks of the dividend discount theory and rising rates. Yet rates did not rise suddenly overnight to justify the drop on Wednesday morning in US stock prices. Are you sure? Unpack the dividend discount model. The P/E ratio of a stock is driven by the driven by the difference in the "Required Re...
by Lauretta
Fri Oct 12, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Re: Does it make sense to consider that stocks are 'on sale' when there's a correction?

Nisiprius post is very odd to me. He speaks of the dividend discount theory and rising rates. Yet rates did not rise suddenly overnight to justify the drop on Wednesday morning in US stock prices. The market doesn't have to look backwards or react to what happens. The market can look forward, i.e. ...
by Lauretta
Fri Oct 12, 2018 3:55 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Emerging Markets Matter
Replies: 82
Views: 6526

Re: Larry Swedroe: Why Emerging Markets Matter

The US looks risky with a leader who makes the nightly news by Tweeting anything & everything that pops into his head, regularly offending some group. I even hear Russia picks our President! And everybody except said president seems aware of this. See any risk at home? Yes, I do see risk in the US,...
by Lauretta
Fri Oct 12, 2018 3:46 am
Forum: Investing - Theory, News & General
Topic: Does it make sense to consider that stocks are 'on sale' when there's a correction?
Replies: 84
Views: 4433

Does it make sense to consider that stocks are 'on sale' when there's a correction?

I have seen the expression 'stocks on sale' in many places, including the writings of Jonathan Clements and some posts on Bogleheads. When Warren Buffett linekend himself to an oversexed person in a harem after the stock crash of 1973-74, he was saying the same thing. Yet yesterday I came across a p...
by Lauretta
Fri Oct 12, 2018 3:08 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Emerging Markets Matter
Replies: 82
Views: 6526

Re: Larry Swedroe: Why Emerging Markets Matter

I know this is probably not a 'Bogleheadish' way of looking at things, but I read an article by Ray Dalio on US-China relations (and the risks involved in the possible scenarios that may play out) which concludes: While there will be ebbs and flows in the relationship, as far as the symmetry of the ...
by Lauretta
Thu Oct 11, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Which market should I go for, to profit most from the correction?
Replies: 35
Views: 3118

Re: Which market should I go for, to profit most from the correction?

There's no guarantee that today's stocks have "the same" value as yesterday's. Under the dividend discount theory of stock valuation, a rise in interest rates has made them really be worth less . The CAC PME index in France, in which I have some investments because of tax advantages, at one point t...
by Lauretta
Wed Oct 10, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: The benefits of international diversification - NOT: Hulbert
Replies: 80
Views: 5384

Re: Mr. Bogle on "International Investing"

Jack Bogle makes some compelling arguments for NOT investing in ex-US, as a US investor: Here's Why Jack Bogle Doesn't Like Investing In Foreign Markets Vanguard Founder Jack Bogle on Mutual Funds, Common Sense Investing and the Stock Market Jack Bogle on Market Index Funds (2014) Bogle: Why I Don'...
by Lauretta
Wed Oct 10, 2018 5:21 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advise (30 something) from NL
Replies: 48
Views: 1734

Re: Bond ETF from Europe (the Netherlands)?

Yes. Do not slice-n-dice. Buy a total world stock ETF for your equity portion: VWRD or (iShares SWDA + EIMI). Keep it simple. Problem with slice-n-dice is rebalancing. But it seems that soon some europeans brokers will allow you to move money between ETF tax free (Same that currently with funds) Do...
by Lauretta
Wed Oct 10, 2018 4:28 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106001

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I can explain the PE of European markets vs USA pretty well on sectoral and GDP growth grounds. I struggle to explain Japan though I am wondering, can you tells us more about how you do that? I read some articles according to which the effect of sectors goes some way towards explaining the US highe...
by Lauretta
Tue Oct 09, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advise (30 something) from NL
Replies: 48
Views: 1734

Re: Bond ETF from Europe (the Netherlands)?

Since you like slice and dice you may consider also the iShares Core MSCI Pacific ex-Japan UCITS ETF
by Lauretta
Sun Oct 07, 2018 1:42 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106001

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

watchnerd wrote:
Sun Oct 07, 2018 1:08 pm


Even automobiles and appliances have IoT built in now.
What is IoT? I googled it and found 'Internet of things'; is that what you meant?
by Lauretta
Sun Oct 07, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106001

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Do you think PB is a good metric for businesses that are increasingly dominated by technology? Even automobiles and appliances have IoT built in now. Yes, P/B is probably not ideal; the only reason I used it is that I could not find a link with a table showing PE or CAPE :D However, these histogram...
by Lauretta
Sun Oct 07, 2018 1:04 pm
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106001

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I can explain the PE of European markets vs USA pretty well on sectoral and GDP growth grounds. I struggle to explain Japan though I am wondering, can you tells us more about how you do that? I read some articles according to which the effect of sectors goes some way towards explaining the US highe...
by Lauretta
Sun Oct 07, 2018 3:58 am
Forum: Investing - Theory, News & General
Topic: “It’s probably wise to sell to the sleeping point.” - Jack Bogle
Replies: 83
Views: 11750

Re: “It’s probably wise to sell to the sleeping point.” - Jack Bogle

I see this piece of advice in favour of valuations based market-timing as another example of the fact that Mr Bogle's principles are not to be taken as absolute truths (a second example being his many statements that gold is not an investment, versus the fact that he himself invested in gold 5% of t...
by Lauretta
Sun Oct 07, 2018 3:30 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106001

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Facts: SP500 P/E = 25 (Last 12 months) SP500 PE10=33 Long-term average for both P/E and PE10 is around 15. This means that $1 dollar of SP500 Earnings today costs between $25 and $33 dollars. (versus long-term average cost = $15) Similarly, 10 yr US treasuries yield around 3.2%. This means that $1 ...
by Lauretta
Sat Oct 06, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106001

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

Facts: SP500 P/E = 25 (Last 12 months) SP500 PE10=33 Long-term average for both P/E and PE10 is around 15. This means that $1 dollar of SP500 Earnings today costs between $25 and $33 dollars. (versus long-term average cost = $15) Similarly, 10 yr US treasuries yield around 3.2%. This means that $1 ...
by Lauretta
Fri Oct 05, 2018 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Should I withdraw my investments from Assicurazioni Generali? [EU investor]
Replies: 6
Views: 354

Re: Should I withdraw my investments from Assicurazioni Generali? [EU investor]

I have some investments in Assicurazioni Generali; it is a structured product which garantees one's capital and has returns of about 2.5% (which is quite good considering today's interest rates in the EU). If I don't withdraw the money for one more year, I sould also have some fiscal advantages. So...
by Lauretta
Fri Oct 05, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Should I withdraw my investments from Assicurazioni Generali? [EU investor]
Replies: 6
Views: 354

Re: Should I withdraw my investments from Assicurazioni Generali? [EU investor]

Since this is a fixed income portion of your allocation, I understand the desire not to take on a high level of default risk for a paltry gain. You do mention that the yield is substantially better than you could get in a risk-free asset, which is one part of the decision process. Other aspects inc...
by Lauretta
Fri Oct 05, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Should I withdraw my investments from Assicurazioni Generali? [EU investor]
Replies: 6
Views: 354

Re: Should I withdraw my investments from Assicurazioni Generali? [EU investor]

I have some investments in Assicurazioni Generali; it is a structured product which garantees one's capital and has returns of about 2.5% (which is quite good considering today's interest rates in the EU). If I don't withdraw the money for one more year, I sould also have some fiscal advantages. So...
by Lauretta
Fri Oct 05, 2018 3:17 am
Forum: Investing - Theory, News & General
Topic: Is the performance of the technology sectors across the world highly correlated?
Replies: 2
Views: 348

Is the performance of the technology sectors across the world highly correlated?

I am wondering whether the performance of a given sector in the US is highly correlated, in general, with the performance of the same sector elsewhere. More specifically, in Europe a lot of small cap firms that have outperformed/are outperforming are in the Information Technology sector, and I have ...