In these times of mass layoffs, bailout programs and stimulation packages, some executives still get the short end of the stick. While this blog does not promote any support, I thought you might enjoy the heartwarming story in the following short video clip: [youtube=http://www.youtube.com/watch?v=qDC0qcf0kzE]I wonder if this was really sponsored by the Treasury… 🙂
A New Market Bottom?
Hat tip to Mish at Global Economics for pointing to this story at Bloomberg titled “Q Ratio Signals Horrific Market Bottom:” A global stock slump may have further to go, according to Tobin’s Q ratio, which compares the market value of companies to the cost of their constituent parts, CLSA Ltd. strategist Russell Napier said. The ratio, developed in 1969 …
No Load Fund/ETF Tracker updated through 12/11/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpVolatility prevailed, but the major indexes ended only slightly changed. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -11.78% thereby confirming the current bear market trend. The international index now remains -22.86% below its own trend line, keeping us on the sidelines. For more …
A Modern Parable
Reader Tom sent in the following parable (sorry, no link), which is most timely given the fact that the automaker bailout is on the front burner and has the markets moving higher in anticipation of some sort of agreement: A Japanese company (Toyota) and an American company (Ford Motors or GM) decided to have a canoe race on the Missouri …
Tuesday Tidbits
The markets tumbled yesterday based on more evidence of a slumping economy along with lower oil prices and weak financials. Safety seems to be foremost on investors’ minds as the Treasury was able to sell $30 billion worth of 4-week T-Bills at 0% for the first time since 2001. Translation: investors are willing to accept no return for having their …
Short-term Bullishness
The markets, supported by President-elect Obama’s plan to invest heavily into infrastructure, marched higher yesterday and continued their impressive short-term rebound. Looking at the big picture, the rally over the past few days has now merely wiped out the losses sustained during the first five trading days of December. In other words, we’re still way down and have a long …