Modern Portfolio Theory is based on the belief that markets are efficient, means that a stocks price reflects all of its available information.  In other words, stock prices move randomly as new information becomes available.   Today, information travels instantly, which  changes stock prices instantly. Because of this fluid situation, market timing is not a viable strategy. It is nearly impossible to select a stock whose price is less than what it should be.  This rapidly changing environment also makes it impossible to get in and out of the market at the right time because as soon as new information is available, the market can immediately swing the opposite direction.


 

 

 

 

 


Glenn Seabolt    ▪    6764 Autumnwood Drive, Nashville, TN 37221   

 

Phone: 615-483-8919     ▪    Fax: 615-662-3510     ▪    Email: GSeabolt@SeaboltCapital.com


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