Not losing your shirt in a bear market, so that you will be around for another bullish period, is on of the most important lessons most investors will have (hopefully) learned once this bear has run its course. Al Thomas, author of “If it doesn’t go up, don’t buy it,” wrote another timeless piece on the subject titled “How to …
More Downside Risk?
Based on last week’s market rebound, you’d think that Wall Street investors have absolutely nothing to worry about. Of course, the market was so oversold that a bounce was overdue no matter how many negative economic news events flashed across the computer screens. For more on that, and what may be in store over the next couple of years, take …
No Load Fund/ETF Tracker updated through 10/30/2008
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?
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
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
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 …