The Investor Is Fleeing, and Other Market Myths

Cita: 

Farzad, Roben [2012], “The Investor Is Fleeing, and Other Market Myths”, Business Week, New York, 28 de noviembre, http://www.bloomberg.com/bw/articles/2012-11-28/the-investor-is-fleeing-...

Fuente: 
Business Week
Fecha de publicación: 
Miércoles, Noviembre 28, 2012
Idea principal: 

The US's 220-year-old stock market is a powerful assemblage of companies, strategies, directors, flacks, hucksters, and heroes joined by a spirit of capitalism that can marry Taco Bell with Doritos. What's especially great about the market is how nicely it lends itself to marketing razzle-dazzle: "value-add," as they call it on the Street. Birinyi Associates, a firm which was founded by ex-Salomon Brothers trader Laslzo Birinyi, published a demystifying research entitled "Six Myths of the Market." Authors Jeffrey Yale Rubin and Kevin Pleines penned the note to take on some generally accepted half-truths of investing. The myths are: 1. The individual is selling. 2. Tax increases are negative for stocks. 3. The market is expensive. 4. Corporate profits will disappoint. 5. Technology is a canary in the coal mine. 6. Corporations have been building cash reserves.