In the past, I have poked some fun at those making outlandish predictions, since in most cases the results are more or less based on nothing but luck. However, sometimes an individual can accurately analyze present economic conditions, especially if they are totally out of whack with reality, and come to logical conclusions as to what the likely outcome will …
Sunday Musings: The Shortest Bear Market
Whenever stock prices correct, or the major indexes slide into bear market territory, a number of predictions are bound to follow as to its duration. Random Roger wrote a tongue in cheek piece on that subject titled “The shortest bear market in history:” Wall Street traders and strategists alike are breathing a huge sigh of relief now that the bear …
Hedging
Prior to the last buy cycle coming to an end, I have addressed the fact that we have held on to two of our domestic mutual fund positions and hedged them against further downturns rather than selling them. Reader Tom had this comment: Thanks to you, I have been sitting comfortably on the sidelines after I lost my initial 7% …
No Load Fund/ETF Tracker updated through 7/3/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpMore downside action had the major indexes close lower for the third week in a row. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains decisively below its trend line (red) by -2.84% thereby confirming the current bear market trend. The international index dropped as well and now remains -11.29% below …
Where We Are And Where We’re Going
If you look at the table on the left, you’ll see that this year has been anything but kind to investors. From my viewpoint, we’ve been in a bear market and May’s rally attempt, which caused us a domestic whip-saw signal, looks more and more like a dead cat bounce. Even by Wall Street’s definition, we have moved one step …
New Quarter—Same Old Problems
The bullish crowd got a scare Tuesday morning as this quarter started out with the Dow sinking by as much as 167 points with the other major averages in close pursuit. GM proved to be the savior of the day with better-than-expected sales reports for June, and the markets ended up closing in plus territory. As much as the bulls …