這周末學到了一個很有趣的觀念, 就是聰明錢(smart money).
這是我查到的定義: The Smart Money Index (SMI) takes the first half hour of trading, which is dominated by retail investors ('dumb money'), reverses its sign and adds it to the last half hour of trading, which is typically dominated by institutional investors ('smart money').
資訊來源:
https://www.cnbc.com/2018/04/18/the-so-called-smart-money-has-started-to-sell-at-the-end-of-the-trading-day-a-bad-sign-for-this-bull.html
傳說中華爾街保存最好的秘密之一
聰明錢流向指數通過兩個時間段內道瓊指數的行動，
來進行計算，開盤的前半小時與最後一小時
開盤前半小時主要由情緒買盤影響，由好消息
與壞消息，貪婪與恐懼所驅動，通常是散戶
而在最後一個小時的交易者通常是理性對於股
票本身價值的變動進行交易，通常是機構法人
(from下面的連結)
[Cat's Financial Accounting Challenge. Ch. 5-7 done]
