No Load Fund/ETF Tracker updated through 10/30/2008

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My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe bulls finally had something to cheer about for five trading days as a nice rebound ended a horrible month. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -14.95% thereby confirming the current bear market trend. The international index now remains -23.53% below its …

Will The Interest Rate Cut Help?

Ulli Uncategorized 4 Comments

There are varying opinions as to the effect of yesterday’s ½% interest rate cut. The general view is that it is not a quick fix as MarketWatch noted: Economists believe that the rate cut will not quickly cure the ailing economy. “Everyone wants a quick fix, but it takes time,” “said Mike Wallace, an economist with Action Economics.…But bringing rates …

Roll Out The Red Carpet

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When I stepped out of the airport at LAX yesterday after a 12-hour flight fromEurope, I checked the closing market numbers and felt that Wall Street had rolled out the red carpet in honor of my return. A 10% rebound seems impressive, although as beaten down as the market was I have to admit that I’m not surprised. Bargain hunting, …

On The Grill

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Former Fed chairman Greenspan was grilled in Washington a few days ago and admitted that he “doesn’t fully understand why it happened” in regards to the credit crisis. Hmm, after 19 years at the helm of the Fed, you better know why things are happening, in my opinion, especially if you were part of the cause. Take a look at …

Sunday Musings: To Get Out Of A Hole, Stop Digging

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With the markets having severely destroyed buy-and-hold portfolios over the past four months, I have received many emails from those who stubbornly have held on to positions mainly due to ignorance or in many cases bad advice from you know who. Many investment advice columnists are now saying that this would not be a good time to sell because of …

Loser’s Convention

Ulli Uncategorized 2 Comments

A few days ago, I was pondering President Bush’s announcement of setting up a summit meeting with some 20 heads of various countries to discuss the credit crisis and, I suppose, come up with ideas as to how to avoid a repetition of similar events in the future. I tried to find some sensible reasoning as to why you would …