The AAII Journal
June 2013 Issue
Editor's Note »
Editor's Note
If I could use a single word to describe a theme of this month's issue, it would be correlation.
It is human nature to confuse correlated events with causal events. Correlated events are ones where there is a pattern of one event followed by another. Since World War II, September has been the worst month of the year to hold stocks.
Features »
Using Seasonal and Cyclical Stock Market Patterns
Presidential terms, the calendar month and a basket of January indicators give insight into market direction.
Stock Strategies »
Valuations, Inflation and Real Returns
The Yale economics professor explains why he looks at 10 years of earnings and the importance of factoring in inflation when valuing assets.
Mutual Funds »
Money Funds and the Regulators
Following the 2008 financial crisis, there has been debate about how much regulatory change is needed, including whether floating net asset values should be required.
Member News »
Member News 2013
Our annual update on AAII programs and services.
Stock Screens »
Lowell Miller’s Best Dividend Screen
Portfolio manager Lowell Miller says the best dividend stocks combine growth, reasonable valuations, financial strength and price momentum.
Trading Strategies »
Is the AAII Sentiment Survey a Contrarian Indicator?
Both optimism and pessimism have had periods where they have stayed at high levels; low levels of optimism have had the highest correlation with market reversals.
- Briefly Noted
Current news items of interest to individual investors. - Letters
Member questions and comments on recent AAII Journal articles.
Using Seasonal and Cyclical Stock Market Patterns
“Those who cannot remember the past are condemned to repeat it,” proclaimed philosopher George Santayana. I believe that “those who study market history are bound to profit from it.”
Topic Archive
Below you can view the complete archives of each AAII Journal topic.
