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
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 …
No Load Fund/ETF Tracker updated through 10/23/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpSharp losses by all major indexes contributed to the further destruction of Buy-and-Hold portfolios. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -18.18% thereby confirming the current bear market trend. The international index now remains -29.14% below its own trend line, keeping us on …
Big And Ugly
Big and ugly is the only way to describe yesterday’s market fall in which the widely followed S&P; 500 index fell 6.1% to its lowest level in five years. This bear has more muscle and momentum than many expected, which is reflected by the simple fact that the S&P; has now lost almost 32% since our domestic sell signal was …
The Dangers Of Bottom Picking
Every time the market makes a new low, you hear someone declaring a bottom followed by some wild explanation as to why a turn-around to the upside is imminent and good times are lurking around the corner. Furthermore, opinions abound why this very moment in time would be a good one to pick up a stock that is considered cheap …
Let The Crisis Burn Itself Out
The markets rocketed upwards yesterday propelled by promises of a second stimulus package from congress, which was endorsed Fed chairman Bernanke. Anything to postpone current discomfort is welcome news on Wall Street. Sure, let’s try to borrow our way out of this credit crisis. Many readers have asked what the one thing was that made the biggest contribution to the …