Author: mungofitch

Subject: Re: changing the focus of the group

Date: 10/22/2021

Recommendations: 32

Random notes--- I came to a conclusion that a lot of the standard screens no longer work, or no longer work very well. I guess a lot of people have come to the same conclusion. But I have long had the habit of developing screens myself. The thing is, some of those have held up wonderfully. Especially those relying heavily on sales growth rates, for example. The sad part from a community point of view is that I stopped posting most of them. The dark speculation is that there is a correlation between posting a screen and its holding up, but it`s hard to believe our posts have any material effect on the markets. I doubt we`re that important to the world. There`s an old saying, though. Never mistake the cycle for the trend. Maybe in this infinite-liquidity-fuelled bull (I consider the 2020 Covid dip to have been merely a blip in it), we have to wait for the fat bear lady to sing before drawing any conclusions about what works longer term. Markets have been weird in the last 5-7 years in a lot of ways. That might be a new normal, or it might be merely a temporary excursion into the twilight zone. I can`t help but think that things like earnings and earnings growth might actually matter again some day. Jim