The Subprime pig strapped on his wings this week and feasted at different troughs in a variety of countries. While the countryside varied, much to the pig’s delight, the food was identical: Same old leftover slop from irresponsible subprime lending procedures primarily designed to feed somebody’s corporate bottom line no matter what the long-term outcome might be. Affected countries, besides …
No Load Fund/ETF Tracker updated through 8/9/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpTremendous market swings to the upside and downside left the bulls coming out ahead by a small margin. For more details, please see the above link. Our Trend Tracking Index (TTI) for domestic funds/ETFs rose and still remains +2.00% above its long-term trend line (red) as the chart below shows: The …
Special No Load Fund/ETF Tracker Update For 8/9/2007
Today’s steep sell off (based on the continued spread of the subprime virus) did not affect any of our sell stops. Since I had liquidated some of our more volatile holdings in some country and sector funds last week, we are left with positions that have been fairly stable. Most of them have come off their highs by 4%-5%, which …
No Load Fund/ETF Technical Analysis: Closing One Gap
Last week, reader Craig pointed towards my previous observation that gapped upside openings will always be closed, which translates into a market pullback. The odds of this happening are extremely high, although I have not read any study confirming that this is a 100% occurrence. Let’s take a look again at an enlarged portion of the Domestic Trend Tracking Index …
ETF Tracking: New Vanguard ETF Covers Europe And Pacific
To no surprise, Vanguard’s latest ETF offering has arrived and started trading a couple of weeks ago. It’s called the Vanguard Europe Pacific ETF (VEA) and it has 1,134 holdings and a low expense ratio of 0.15%. This is quiet a contrast to the average ETF expense ratio of 0.42%. This new ETF tracks an index of stock performance in …
Special No Load Fund/ETF Tracker Update For 8/6/2007
Yesterday’s rebound, which recovered just amount all of last Friday’s losses, was a welcome relief but huge one day market moves, whether up or down, are rarely indicative of a trend. As I mentioned last Friday, I liquidated a few volatile positions with sector and country orientations. The sell stop points were clearly penetrated and, if this is in fact …