How you can really invest in “the market”
NYSE Euronext reported first quarter earnings of $230 million, up from $68 million last year. Bravo!!!
With the Dow sporting triple digit swings almost daily, stock markets have been quite volatile. High volatility comes from active trading and increased trading activity provides higher revenues for stock exchanges.
It would definitely be easier to quit searching the market for the next great stock and start investing in the market itself. But, would it be more profitable? Let’s see…
Past 5 days: NYSE has outperformed the indexes.
Past 3 months: The Dow, Nasdaq and S&P posted higher returns than NYSE Euronext.
Past 6 months: Ditto the 3 month results.
Past 2 years: Close call. The Nasdaq, S&P and NYSE Euronext virtually tied for second behind the Dow.
The markets will continue to flutter so NYSE Euronext can be assured of revenues in the near term, whether those revenues equate to continuously growing earnings remains to be seen, so don’t throw away those charts and ratios just yet!
Related Stories
POSTED IN: Earnings, Investment, Market, Uncategorized
0 opinions for How you can really invest in “the market”
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: