My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a sluggish start, the bulls took over and pulled the major indexes out of their doldrums. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved to +5.40% above its long-term trend line (red) as the chart below shows: The international index slipped -0.07% below its own trend line, keeping …
Is The Bull Back?
Yesterday’s follow through rally brought the question back to front burner as to whether the recent down trend has run its course, and happy days are here again. From my vantage point, it’s too early to tell. Fundamentally, nothing has changed in the past couple of days, other than that Fed talk was interpreted as a confirmation of an easing …
ETF Master List – Mid-Week Update As Of 11/27/2007
Yesterday’s market rebound was a welcome reprieve from Monday’s drubbing. Actually, only one event caused the financials to come back from abyss and that was Citibank’s announcement that it had received an outside capital infusion of $7.5 billion. After much negative news from the Subprime/credit crisis over the past few weeks, this was all the markets needed to stage a …
Does America Need A Recession?
While I don’t agree with Paul Farrell’s view very often, he did write an interesting article called “17 reasons America needs a recession.” In case you missed it, it’s a worthwhile read, and he addresses some of the at times hidden benefits a recession has to offer. While I am not in the prediction business, my indicators clearly show that …
The Melting U.S. Economy
MarketWatch’s Dr. Irwin Kellner elaborated on the U.S. economy in a piece titled “Rough patch or briar patch?” His theme is that the economy is reeling from a one-two punch of plunging real estate values and a full blown credit crunch that might not be resolved with additional rate cuts. To me, his assessment is right on and it would …
Sunday Musings: Breaking The Buck
Among the daily news barrage about the Subprime/credit crisis, high oil prices and the ever worsening real estate down-turn, a little noticed item with potentially grave implications surfaced a week or so ago. I had originally heard about it a few months ago when a friend of mine, who works for GE (General Electric), mentioned that some of his clients …