Foreword
Gene Marcial and I have something in common: We wake up every morning and go to sleep each night thinking about stocks. When you are as focused and obsessed as we are, you develop certain tenets about investing.
Obviously there are a lot of ideas about how to make money in the stock market, some more serious than others. I always got a kick out of reading various theories that have popped up—especially some of the wackiest that assume you can predict the overall market direction. One of my favorites, which is probably thirty years old, is the hemline indicator, also known as the “bull markets and bare knees theory.” Supposedly when hemlines go up, so do stocks. When they go down, so do stocks.
I’m a big football fan, so the old Super Bowl ...
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