When I saw this the first time, I blew it off as forecasts are not reliable most of the time. Looked at it again as I was needing a Thursday blog post and thought “mean reversion” …
The Golden Squid is forecasting S&P 500 earnings for tech companies’ vs the index. Looks like mean reversion to me. What that does to the price of shares going forward, I’m not guessing, and I have no crystal ball.
Stanley Druckenmiller is a really smart man, and he says “50% of a stock’s move is the overall market, 30% is the industry, and maybe 20% is from individual stock picking.”
There are many ways to skin a cat.
Securities 0ffered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Legacy Wealth Management are not affliated. Securities are offered to residents of: MO, GA, KS and TX. Advisory services available upon request in all 50 states.
The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Legacy Wealth Management makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any director indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information, and programs made available through this site.