the.com/momentum trading
buying what's already going up because gravity, apparently, is optional in markets.
means a strategy of buying assets that have been rising and selling those that have been falling, betting the trend keeps trending.
from formalized in academic finance in the early 1990s by researchers jegadeesh and titman, who found stocks that outperformed over 3-12 months kept outperforming, defying the efficient-market crowd who insisted price history should be meaningless.
anomaly statusone of finance's most persistent, unexplained market anomalies
holding periodtypically weeks to months, not years
crash riskprone to sudden, brutal reversals called momentum crashes