I touched on this last week, but the WSJ also had a blurb on Sowood Capital’s admission that its hedge fund had lost more than 50% of its value, or about 1.5 billion. I posted Saturday, that the loss at the time had been 25%. Oh well, things are happening so fast, what’s another 750 million? It’s only mad money. …
Sunday Musings: Doing Well But Feeling Worse
A few months ago, I read Gregg Easterbrooks’ book “The Progress Paradox,” which carries the intriguing sub title “How Life Gets Better While People Feel Worse.” He draws on three decades of research and thinking to support the idea that almost all aspects of Western life have greatly improved in the past century—yet today, most men and women feel less …
House Of Cards: More Subprime Virus Effects
In a recent post, I talked about Bear Stears’ closure of 2 hedge funds that were essentially worthless. A few days ago, Bear Stearns (BS — hmm, I’m not sure if this is a fitting abbreviation) halted investors’ redemptions from another $900 million Asset-Backed Securities Fund, as worried investors were trying to pull their money out as fast as they …
No Load Fund/ETF Tracker updated through 8/2/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpToday’s sharp sell-off brought several of our sell stops back into play. We will liquidate those positions on Monday. For more details, please see the above link. Our Trend Tracking Index (TTI) for domestic funds/ETFs fell but still remains +1.45% above its long-term trend line (red) as the chart below shows: …
No Load Fund/ETF Investing: Protecting The ‘Bad’ Investor
Reader Nitin sent in a link to an article called “Protecting the Investments of the Bad Investor,” which was recently featured in Yahoo Finance. I agree with the overall premise that there are many investors who are not doing well, getting below average returns by buying, holding and selling at the wrong time. The article goes on to state that …
Special No Load Fund/ETF Tracker Update For 8/1/2007
After the markets meandered for most of the day, I liquidated 2 positions that had dropped off their highs by -7.5% as announced yesterday. Of course, I had no idea that my trades were so influential that they confused Wall Street traders and promptly ignited a strong rebound rally during the last hour. While all major indexes closed higher, it …