“Professor Russo, what stock should I buy?” “Professor Russo, is Zoom going to keep running?” Professor Russo, what do you think of Virgin Galactic?” When I am teaching the technical analysis class to college seniors, I can count on getting some version of this question numerous times over the course of the semester. My answer is always the same: "I have no idea!” This is usually met with some form a deflated response from a student who was hoping to find the next big idea. But it’s the truth. I really have no idea, no one does. I have an analytical process that I think tells me if the odds favor an investment going higher but I am never 100% certain.
Great read as usual. Thanks Dan!