Over the past few days, I have received some emails from long-time readers asking about how they should invest their money now, which mutual funds to buy and how to diversify into which country ETFs. Huh? It appears that these investors are reading my weekly updates and daily blog posts, but are missing the message entirely. At this time, we …
Is Short Selling Worth It?
With the markets having retreated into bear territory, I have received many reader questions regarding shorting the market. Nowadays, you have many more choices than compared to the last bear market of 2000-2002. With the proliferation of ETFs, you are no longer limited to a few bear market mutual funds, you can now buy with great ease inverse ETFs like …
No Load Fund/ETF Tracker updated through 7/10/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite various rally attempts, the bulls succumbed to the bears again this week. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains decisively below its trend line (red) by -2.95% thereby confirming the current bear market trend. The international index dropped as well and now remains -12.22% below its own trend …
A Slippery Slope
After a rebound rally on Tuesday, reality set back in on Wednesday and sent the major averages sharply down with the Dow losing some 237 points. Financial stocks tanked again with Fannie Mae and Freddie Mac leading the charge by dropping an astonishing 13% and 24% respectively and reaching price levels of the early 90s. The major indexes have now …
Explaining The Obvious
If the entire Subprime/credit crisis disaster would not have had such dire consequences, the following story could be considered a joke as the “Fed plans new rules to protect future homebuyers.” Here is one of the highlights of these proposed revolutionary changes: Under the proposal unveiled last December, the rules would restrict lenders from penalizing risky borrowers who pay loans …
Cliff Diving
If you look at yesterday’s chart of the Dow (thanks to MarketWatch), the word cliff diving comes to mind. Good thing that there was some type of recovery, or it could have been a real ugly day. When all was said and done, the widely followed S&P; 500 closed at its lowest point since July 2006. It is obvious that …