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Alberto & RTers:
I seem to recall a book by a trader from CT called O'Shaughnessy (?) called "What Works on Wall Street". He basically took something like fifty years of DOW data and correlated all the fundamentals he could find. I read it once, but cannot remember what his conclusions were. Worth checking into however.
- Stuart
>>> Alberto Torchio <atorchio@xxxxxxxxx> 07/08 2:42 PM >>>
Dear Listmembers,
> Is there anyone using fundamental screening to spot possible stocks to buy? Or
> fundamental and technical?
Thank you to oll tohse who have replied to my earlier message about fundamental
screening: I am new to this field so I consider all your inputs extremely useful.
I think I can summarize most of your messages as follows: there is a wide consensus over
the usefulness of future earnings growth and, as a whole, all those indicators of a
company's attitutde at producing returns.
On the other hand I see little intereest for those indicators of a stock's value: P/E
price-to-book... Isn't there anything such as an undervalued company? Perhaps at the
late stages of a long lasting bull market there is little hope to find such items,
things might be different at the end of a bear market. But who is old enough to remember
what a bear market is? ;-)
Alberto Torchio
Torino, Italy
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