This is something I always find so amusing.
When we invest in a stock, it's only commonsense because we find that the stock represent a truly wonderful business and we are given an opportunity to invest in it a great price.
Defensive stocks? LOL!
What about Offensive stocks?
Do you reckon investing in defensive stocks just because they are 'defensive' stocks a good, 100% safe strategy during a bear market?
Anyway I am writing this post because of the comments written by Frank Barbera posted on FSO market-wrap. What is truly great is that he came up with hard facts to back what he is saying.
Enjoy!
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3 comments:
moola,
What do you define as "defensive" stocks and "offensive" stocks, first of all? Or rather, how would you define them?
(Brought up sth for me to think about, tho`...)
UB,
Do spend sometime reading that link.
At least someone took great effort in showing that there is no conclusive evidence that such strategy will work.
cheers
ps. personally i think this type of investing strategy is plain silly. You buy a stock because it is good. Else, why buy?
Oic..
The link that you provided there points to the current article.. but anyhow I found the one you were referring to in their archive...
digesting~ (*burp*)
...
BTW, today's article looks interesting... "The Stock Market Looks Overvalued - Now it’s technically weak" -- it shows the P/E of the S&P 500 going above that "green line" and all... what's your opinion on the projected imminent downward correction as propounded by Martin Goldberg?
Just askin` your opinion for discussion purpose.. (not askin` u to look in a crystal ball)... no pressure :)
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