Long-Term trend-following saved the day in the Greek Equity markets…
FTSE/Athens Stock Exchange Large Cap Index, which consists of 25 of the largest and most liquid stocks that trade on the Athens Stock Exchange.
The purple line is the 250 day simple moving average line.
There was some chop in July-August 2014, but the system had you sitting in cash/tbills while the market blew up.
We’ll have to see what happens during the current chaos. But if history is our guide, when the equity market gets back on trend, it will probably be a great time to do some good old fashioned value-investing.
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