Tag Archives: Gods of the Copybook Headings
Getting What You Pay For
Earlier this week, the Wall Street Journal featured a long article arguing that Morningstar’s star ratings for mutual funds were a “mirage.” Since these ratings exert a powerful influence over fund flows, their usefulness is obviously of keen interest to investors. To its credit, Morningstar, although arguing that its ratings are a “worthwhile starting point,”…
Why is the VIX so high?
No, our crack proofreading team didn’t muff the headline. After several weeks of seemingly unanimous commentary about how investor complacency has resulted in VIX® levels that are “too low,” we want to ask the contrarian question. Rather than being too low, why is the VIX so high? The question is germane because there has been…
- Categories S&P 500 & DJIA, Strategy
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- S&P 500 & DJIA, Strategy
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