YouSaid · the spoken record

Luis Yamada

lines on the record: 89
first: 2016-11-23
most recent: 2016-11-23
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“So let's talk a little bit about what you're doing now. How do you look at on a daily basis? What do you think about? Each day when you sit down at your desk.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“We did have people forget 2001 to 08. The dollar lost 41% of its value, anything priced in dollars like gold obviously is going to do well. And we had pretty robust inflation in the 2000s up until the crisis. That's a pretty good way to put a cap on inflation. Just have the entire financial world collapse probably it kills the disease and the patient at the same time.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“On the broadcast portion, we were talking about the relationship between different markets. And we started talking about gold and bonds. Tell us about that long-term relationship between the two.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I know Louise for a long time, and I kind of consider myself a jack of all trades, master of none. And I have found technicals to be very helpful to my way of looking at the world, looking at the markets. If for no other reason, I want to have a sense of what are the big institutions doing. And you see their footprints in the chart. Let's talk a little bit about some of the things we didn't get to before, and then I'll do my favorite questions.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“We have been speaking to Luisha Mada. She is the manager and owner of Luishimata Research Advisors. Be sure and stick around for the podcast extras where we keep the tape rolling and continue chatting about all things technical. Read my daily column on Bloombergview. com or follow me on Twitter at Ritholtz. We love your comments, feedbacks, and suggestions. Write to us at m-bodcast at Bloomberg.net. I'm Barry Ritholz. You've been listening to Masters in Business on Bloomberg Radio.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's fascinating. So let's talk about customers of yours who are on the buy side. Tell us about generally the value that technicians bring to a buy side shop.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Now, we've had quantitative trading. We've had people crunching numbers to make buying and selling decisions for a long time. Right. This is really very different in a qualitative way computers making instantaneous buys and sells. And it's not like it was when people were manning the terminals.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But not all So, speaking with Luis Yamada of Yamada Technical Research Advisors, let's talk a little bit about technology. How has the advancement of all this computing power played into the world of technical analysis”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So let's talk a little bit about the current bull market. I've had a number of people tell me, hey, this bull market is really old. You go back to 09, and here we are, it's seven years later. But I always learn that a new secular bull market starts from new highs. And the 0809 drop and then the 0809 reversal, well, that just gets you back to square one. Are we in a new secular bull market since twenty thirteen since the new highs were made? Or is this a seven-year-old market? Or both?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So let's talk a little bit about that. You have a monthly breakdown in energy. Anybody who's tanked up their car knows gas is really cheap. It's two in change for premium. In New York, that's very inexpensive. What does this mean for oil prices and for how long?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And 87 people always talk about the 23% day, but really, 80% was a 40% plus move from top to bottom. I'm doing that from memory, but that's pretty ballparked. It really had a huge run and then... Just rolled over.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Do it. So, when we talk about ratio, let's say we'll take the healthcare sector. Versus the SP 500. Right. When that line's going up, the healthcare sector is doing better than the broad index. And when that line's going down. It's doing worse. And you could look at every sector that way”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“You listen to the technical guy and you wait for the fundamentals are still good. You wait for the price chart to tell you it's a when versus a what question. Yeah. I'm Barry Ritholts. You're listening to Masters in Business on Bloomberg Radio. My special guest today is Luis Yamada. She is a technical analyst and runs the research shop Luis Yamada Technical Analysis. Let's get into the nitty gritty of technicals a little bit. One of the things I noticed in some of your work is you really like ratios. Tell us a little bit about how you use those.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Closing their technical group is that, hey, everybody has, if not a Bloomberg terminal, they have access to internet charts. Everybody's a technician these days.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“We left That's a pretty quick turnaround. Six months, you're up and running. How much of the thinking behind Kidder and Cidi and other groups?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's got to be very gratifying when people say we know they closed the department, but we think you're value added here. Let's do this.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“There are more today, but still it's a relative numerically, it's not a big. Percentage of technicians are women. So let's talk about how Wall Street has changed over the past 35, 45 years. You've been a denizen of the street for a while. How has the job opportunities and how women are treated on Wall Street changed over the past few decades?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm Barry Ridholtz. You're listening to Masters in Business. She is the founder of Luisimata Technical Research Advisors. She spent twenty five years at Smith Barney, eventually becoming managing director of the Technical Research Group, and has been institutional investor ranked for a number of years. Let's talk a little bit about women on Wall Street and what it's like. I've sat with people like Liz Ansaunders and Michelle Myers, and they've told the story of how they've actually seen the industry change over the course of their career. What was it like as a woman doing charts and technical works when you began?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Now there's been some controversy in some quarters that have said the Golden Cross, the Death Cross, some of these have really been abused by amateur technicians.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So you could take a shorter term moving average and a longer term moving average. It's really a second derivative of a smoothed line. Is that a fair way to describe it?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't disagree. I find I really don't want to look at anything less than a weekly chart because the day-to-day action is so random. Yes.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“And that gave up the ghost long before the 80% drop in the Nasdaq So that was an interesting warning sign. So, other than just the technology, what is the difference between the modern era of technical analysis and what people used to do 20, 30 years ago?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Lot of people aren't aware of this, but if you're looking at individual stocks and individual sectors, the broad market started rolling over long before technology topped out.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Hard to describe the when you're looking at it day by day, you're noticing things that you don't see if you're just letting the computer draw it for you.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's amazing So let me ask you an obvious technology question. How much do we lose now that we no longer do this, or at least most of us no longer do this by hand? Just anyone can punch up a Bloomberg terminal or anything else. What is lost when we've given up the manual drawing of charts and can simply call one up anytime we want?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Regular supply, not just the X's and O's, but the regular charts that we see people used to do those also every single day by hand. I've walked into rooms with people”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, the fascinating thing about that era, and I heard this from Guy Ortman and I heard it from Ralph Acampora, and I've heard this about Alan Shaw, never saw from his mouth directly. They used to do these charts day by day by hand.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm Barry Ritholtz, you're listening to Masters in Business on Bloomberg Radio. My guest this week is Luis Yamada. She is a technical analyst and runs the research shop Luis Yamada Technical Analysis. Let's talk a little bit about the modern era and how you came to technical analysis sometime last century. I was working for a gentleman named Guy Ortman who had taken the technical analyst class at the knee of Alan Shaw. And he urged me to also take the class, which I took with Ralph Akampura. You worked with Alan Shaw for quite a while”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“We're going to go through all seven questions in a few minutes. Let me ask you one quick question What do most people misunderstand about technical analysis?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But not all of them follow technicals, so some will be early. and means that their capital is being put to work and not seeing much of a return for a while. You like being a little later in that smile because you're not tying up capital while it's going sideways or going down. Why do these charts actually work? That's a tough question.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, who is going to be the buyer at the lows if not the value investors? Aren't they helping form that accumulation bottom?”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In other words, markets are somewhat efficient, and a lot of the news that eventually comes out is either partially or fully reflected in the price. Before the news itself is released That makes plenty of sense. So, Ralph Atkampura once said something very interesting, and I full disclosure, I took the course.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So it's had a nice move up. It starts to soften. The price comes down and someone says, I want more of this. That's a good price. They step in. And that creates a floor on the price. A ceiling is the opposite on a downtrend”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In other words, you've had a stock sell off. It's come down for a while. It's going sideways. And then all of a sudden it starts going higher. You also reference the phrase trend. Tell us what a trend is.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So let's unpack that a little bit. Okay. Under accumulation. Generally means big institutions are accumulating shares on an ongoing basis.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Each other for a long time. I've been a fan of your work for a while. But for the layperson, explain what is technical analysis.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Paul Desmond, pretty much that's it for the people who are full-time technicians. I know they're out there, they work at various funds. There are a number of people I'd like to get Alan Sean here. I'd like to get John Rokan here. There are a number of people I'd like to sit down and talk with. If you are a trader, if you work as a person who is a fundamental analyst and would like a little more insight as to why stocks and sectors and markets sometimes do what they do, then the technical side might provide some insight as to the timing of how things happen. That was part of my conversation with Louise. If you are interested in technicals, if you like anything on the more wonky side, then this is going to be for you. With no further ado, my conversation with Luis Yamata.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“This is Masters in Business with Barry Ritholz on Bloomberg Radio. This week on the podcast, I have an extraordinary technician. Her name is Luis Yamada, and she has been looking at markets, sectors. Stocks for close to 40 years. She spent 25 years at Citigroup, eventually becoming their managing director, worked with many of the legends in finance, including Alan Shaw, and we had a really interesting conversation about how people use technicals to help their investing and their trading. We don't really get as many technicians in the studios as I've liked as I would have liked. I've previously spoken to Jeff deGraf, whose name basically refers to technicals, as well as Tom Dorsey.”
2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
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2016-11-23 · Masters in Business · Interview With Louise Yamada: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source