About 42% of SPY ETF total return since inception on January 29, 1993, is due to dividend reinvestment. This has important ramifications: (a) Stock market is nowhere near a bubble state, (b) if you do not reinvest dividends, then all … Continue reading
The three white soldiers is a candlestick pattern that has formed in SPY ETF and it is classified as a bullish formation. But does this pattern have any predictive power?
The difference between the old alchemists and the modern financial alchemists is that actions of the latter group endanger the stability of an already fragile financial system.
After a long period of low volatility a correction feels like a crash but at this point it is within normal bounds.
Spectacular drawdown levels in some popular volatility ETNs vindicate analysts who warned about the perils of the short volatility trade.