Feb

13

Market Drivers, from Ralph Vince

February 13, 2017 |

A friend asked me, "What in your opinion is the thing or things that makes markets rise upwards the most?"

I think it's a pretty straightforward answer, and all three factors have shown high correlations, at least for the last 5,000 years, to the price of ownership of any private property:

Population
x Change in man's upward progress
x Available stores of wealth (the aggregate amount of money)

The value of equities expressed as a line with respect to time, ever increasing as the factors comprising it ever-increase, about which the value at the moment fluctuates relatively mildly about.


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  1. Weighing The Week Ahead: Where Are We In The Business Cycle? - Seeking Alpha | MMN on February 19, 2017 5:35 am

    […] Ralph Vince identifies three factors highly correlated with the price of private property. Traders often forget that guessing when to be short is against the odds. […]

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