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Best not to try
It's easy to spot turning points in the markets once they've already occurred. But is it possible to identify such moments before they occur?
The London Business School experimented with a market-timing model based on the price-dividend ratio, information that investors would have known at the time. Those with investing experience will not be surprised to learn that the model was a complete disaster, earning lower returns than if they had just used a buy-and-hold strategy and stuck with equities.
Goldman names new co-head of M&A
Gregg R. Lemkau has been appointed new co-head of global mergers and acquisitions, according to the New York Times.
U.S. mega-airline to be announced
American Airlines and US Airways may announce a merger this week, which would create the nation's biggest airline and concentrate even further a once-fragmented industry.
Complex investments burn savers
A broker preying on the greedy and credulous is not a new phenomenon. However, a new type of victim has emerged: savers who took on risky alternatives in an effort to recover from the 2008 financial crisis.
The case against private equity
The Economist fails to see why sophisticated investors choose to allocate such large shares of their portfolios to active managers that fail to outperform cheap replicas.
(Jody White is the Web Editor for Streetwise.)
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