Steve Sosnick, Interactive Brokers’ chief strategist, discusses profit taking, IPOs, and how the market is quite speculative these days.
Aiming for high returns is the whole point of investing of course.
But it’s crucial to manage your risk in a market like this.
Photo Credit: Pictures of Money via Flickr Creative Commons
If interest rates rise, valuing start-ups may require more traditional metrics
Since valuations have never been a good predictor of short-term price changes, they tell investors very little about what might happen next year.
September was an excellent month for equity, particularly in emerging markets. Brazilian large-caps did exceedingly well.
Our focus in first quarter has been to concentrate only on the best companies going forward and avoid chasing marginal opportunities.
