Today’s market activity pushed our international TTI (Trend Tracking Index) below its long-term tend line by -1.43%. I will liquidate the remaining holdings in that area, which we still own, effective tomorrow, Tuesday, November 13, 2007. Should the markets reverse again, we will look for a new entry point at that time. While the domestic TTI has remained +3.23% above …
ETF Investing: Are Financials A Good Buy Now?
Every so often, I get emails from readers who are looking towards the bottom of the weekly StatSheet to see if picking up some bargains in the beaten downs areas might make some sense. Based on my M-Index ranking, the bottom of the totem pole is currently occupied by ITB (home construction), XHB (home builders), IAT (regional banks) and UYG …
Sunday Musings: Market Dislocations
A few months ago, I reviewed one of my favorite books titled “Why Business People Speak Like Idiots.” I was reminded of that as I read the latest (I think) Subprime mortgage fallout article in which B of A announced that 4th quarter results will be hurt by continued “market dislocations.” While the bank did not provide an estimate of …
In Case You Missed It: How The Subprime Debacle Started
Reading daily about write downs on Subprime related losses, now totaling some $45 billion, you may be wondering how this whole mess got started. How can it be that simple real estate loans have the power, when improperly used, to negatively affect some of the largest financial institutions in the world? An anonymous reader submitted this hilarious video clip analyzing …
No Load Fund/ETF Tracker updated through 11/8/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe bears had a feeding frenzy this week as the major indexes took some heavy hits. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved to +4.25% above its long-term trend line (red) as the chart below shows: The international index slipped -0.09% below its own trend line, keeping us …
Subprime Pig Meets WaMu
News on continued problems in the Subprime area seem to pick up speed almost every day. The most recent articles point to Washington Mutual (WaMu) considering to set aside some $412 million to $2.1 billion in extra reserves because of a lawsuit brought on by New York’s state Attorney General.The suit alleges that First American Corporation and eAppraisalIT colluded with …