I like American success stories. You realize that there is simply no place like the U.S. when you read some of Lee Iacocca’s books or others detailing how a dishwasher made it up the food chain all the way to company president. Entrepreneurial spirit along with boundless opportunities makes the Unites States a unique country to live and work in. …
Bailing Out More Money Market Funds
Bloomberg reported “Lehman Says It Bailed Out Money Market, Cash Funds.” (sorry, I misplaced the link) Here are some highlights: Lehman Brothers Holdings Inc. bailed out five of its short-term debt funds, joining a growing list of securities firms and asset managers that have propped up investment vehicles crippled by frozen credit markets. Lehman took $1.8 billion of assets from …
No Load Fund/ETF Tracker updated through 4/10/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpGeneral Electric’s report card pulled the rug out from the market today. All major indexes lost for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +0.19% above its long-term trend line (red), which means we are close to slipping back to the middle of the neutral …
Following The Trends
Reader Mr. G had this to say about my post from last Tuesday:Ulli: Yesterday you wrote, “Other asset classes have rallied strongly above their respective trend lines issuing a buy of their own. Today, we added a small holding in Latin America and in an Intermediate-term bond ETF.” This seems in conflict with your advice to follow the TTIs before …
Educated Guesses
The Fed released it March 18 FOMC minutes, and it was revealed that many Fed officials were of the opinion that an economic contraction was “likely.” This is not earthshaking news especially in view of the fact that Fed Chairman Bernanke has since uttered the “R-Word.” The Fed is usually behind the curve with its facts and announcements as Calculated …
Housing Bubble Hangover
Bill Fleckenstein had some interesting thoughts in his piece titled “Our housing-bubble hangover.” Here are some highlights: The market has been bouncing around on misplaced hopes that the Federal Reserve will somehow save the day. Beyond the din, it’s important to focus on one overarching fact: The fundamental problem in our country is the aftermath of the housing bubble. We’ll …