There are a few blogs that are on my daily read list because they offer unbiased advice about a variety of topics related to the economy. In terms of real estate, I enjoy Dr. Housing Bubble while in the finance and global economic events, I favor Mish Shedlocks’s Global Economic Trend Analysis.Dr. Housing Bubble featured an interview with Mish, which …
No Load Fund/ETF Tracker updated through 2/21/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a bearish bias, the major indexes staged a last minute rally to end up positive for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs remained -0.56% below its long-term trend line (red), in bearish territory. The international index dropped to -6.84% below its own trend line, keeping us …
Changing Allegiances
It was just a matter of time before it happened. With many big banks being stuck in the Subprime mess by taking large losses, and others being involved with lawsuits alleging unsuitable investments to municipalities which, after the collection of huge upfront fees, collapsed in value, private clients finally took notice. The article “Ripe for the poaching” had this to …
Downgrades May Cost Billions
In a follow up to yesterday’s post regarding bond insurers. CNN Money reports that any downgrades may cost banks billions in increased reserves:Downgrades of bond insurers could require banks and securities firms to increase reserves by between $7 billion and $10 billion, rating agency Moody’s Investors Service estimated on Tuesday. If trouble in the so-called monoline business gets even worse, …
Breaking Up Is Hard To Do
In the latest saga of bond insurers’ problem, Bloomberg reports that “Bond Insurer Split May Trigger Lawsuits:”Regulators’ plans to break up bond insurers into “good” businesses covering municipal debt and “bad” businesses liable to subprime-related losses may trigger “years of litigation,” Bank of America Corp. analysts said. New York Insurance Department Superintendent Eric Dinallo and New York Governor Eliot Spitzer …
Have We Reached Bottom?
Based on the amount of reader e-mails I have received, I am amazed about how many investors are in hot pursuit of trying to pick a bottom in certain beaten down ETFs. Others are using an assortment of analysts and TV gurus to confirm their uncontrollable desires to enter the market and, hopefully, pick a declining investment (a loser) on …