I don’t think we’re in a competitive situation for the top 10 in the world, but there are a lot of places where there are big winners. The most recent earnings report was interesting on this. If you look at the earnings per share for a few months in a row — and the reason we do that — is because of this thing called the trailing 200-day moving average. This is basically the top 200 of stocks and when you look at the earnings history of that company, they’ve always ended up trading between $80 million and $100 million and they always come in a range that you can actually invest in and do well. So, it’s a way to try and get in and out of a lot of positions.
You have to remember that, even during the financial crisis of 2008, the Dow Jones, which is the benchmark for the world of stocks, didn’t start trading. It didn’t exist in the beginning. But when you look at the stock prices at that time, the Dow Jones would look like a much lower number than the one we’re talking about here. That’s exactly the way that the market was responding. All of these other companies were getting hit hard too, and so the market went through the motions — as would usually happen.
But the other thing that people might not know is that the Dow Jones has changed — it’s been around for about 130 years. All of the companies have started different and then you have to do this adjustment of how to calculate the amount of earnings per share that’s coming in and whether that’s been a long haul or not.
Do you get a lot of calls from investors around the world telling you — well, if I buy some kind of currency, I can make money if it dips?
A lot of times, because the price of one currency tends to move, it causes a drop within that currency. One of the ways that the market works is that it gets adjusted every day to make sure that when one currency goes down, it doesn’t cause a downward effect on another currency. In the case of currencies, there’s currency volatility all over the place. It’s all over the place in terms of the dollar versus the euro or any particular other currency, which is one of the reasons why the Dow Jones can be so volatile for a month or two, but usually when you look at stocks, you can come away with a significant number.
One thing we’ve noticed since the financial crisis is that you’re starting
swing trading for dummies amazon, swing trading strategies book, swing trading for dummies by omar bassal cfa level, definition of swing trader, swing trading strategies pdf