Some readers like to listen to the financial gurus on CNBC and actually follow their advice. Here’s what Mark experienced: I am a real fan of your investment letter and typically abide by it completely. However, I saw Meredith Whitney, the Oppenheimer guru, on CNBC this week forecasting a further “huge” decline in financials. Wednesday, “SKF” started climbing rapidly and …
Sunday Musings: Pyramid Schemes
One sunny afternoon, thirty years ago, when I was working as a young real estate broker in Southern California, I received “the phone call.” It came from a friend of mine, and the instructions were clear: Go to the bank, get a $1,000 in cash, and meet him at a residence in an upscale neighborhood. And yes, bring a friend. …
Bottom Feeding II
MarketWatch featured a story called “Bottom feeding is for catfish.” Let’s listen in: Every investor wants to say that he or she “bought the bottom” but anyone attempting that feat this year was in for a rude awakening. Bottom picking is a dangerous game and while we have all sorts of indicators to help us get close to that goal …
No Load Fund/ETF Tracker updated through 12/4/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a strong effort by bullish crowd, the major averages closed lower. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -13.31% thereby confirming the current bear market trend. The international index now remains -25.23% below its own trend line, keeping us on the sidelines. …
A Real Estate Parody
With economic news lacking any kind of positive twist, it’s time to view things with a bit more distance and a sense of humor. Reader Tom sent me the following video clip, which is very funny even if you don’t speak German. Just watch the plot unfold and follow the English subtitles: [youtube=http://www.youtube.com/watch?v=bNmcf4Y3lGM]While a great focus of this current economic …
When Actions Speak Louder Than Words
The CEOs of the Big 3 automakers apparently got the hint and traveled to Washington by hybrid vehicles for another round of pleading for monetary assistance. November auto sales were absolutely dismal, and new restructuring plans were submitted that included plant closings, layoffs as well as shrinking dealer networks. This made me think of a video clip I recently saw …