My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpWild swings in the market led to only minor gains. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -2.15% thereby confirming the current bear market trend. The international index now remains -9.07% below its own trend line, keeping us on the sidelines. For more …
One Man’s Pain
Lately, I have been receiving a lot of subscriber email wondering what to do with their invested positions. I personally find it hard to believe how some people subscribe to my free newsletter, which spells out exactly when to buy and sell, and then proceed to do the exact opposite.Even my constant nagging of using sell stops seems to simply …
Pop And Drop
As I suspected, the market did the old pop and drop over the past 2 days, and gave back all, and then some yesterday, of what was gained the day before. So much for the euphoria surrounding the Fannie/Freddie bailout announcement. Contributing greatly to the weakness in the financial sector was Lehman’s drop of 45% in share price value after …
The Mother Of All Bailouts
Euphoria reigned on Wall Street yesterday as a sharp opening rally gave way to a drop and a subsequent recovery, all caused by the government bailout plan of Fannie Mae and Freddie Mac. Over the next few days, when more details become known, the markets may react to the reality of what really happened. The government bailed out an institution …
Stop Loss and M-Index Clarification
New reader Lloyd had this experience to share: I invest in mutual funds and ETFs. I was using Fidelity funds and using the 1 mo, 3 months, and 1-year returns to pick the best performing funds. This seemed to work okay, but recently it had me in all oil and oil related funds and when oil dropped I lost all …
Sunday Musings: The Credit Crunch’s Horrific Effect
The fallout from the credit crunch has been well documented, because the top names in investment banking had to cumulatively write down so far in excess of some $500 billion dollars with no end in sight. In case you missed it, Merrill Lynch has held the dubious #1 ranking when comparing losses to historical profits. News reports had this to …