Another drubbing yesterday pushed the major indexes down to their lowest levels in some 5 years. The speed with which the markets have fallen surprised many and in the process destroyed just about all Buy-and Hold portfolios. As I have repeatedly said, investors need to lose some serious money before they will awaken to the fact that they have been …
Hitting The Skids
Yesterday, the markets tanked big time with the Dow being down some 800 points at one time before recovering. Even crude oil sinking below $90/barrel couldn’t offset the downdraft. This confirms my suspicion that no one entity or government is powerful enough to stem the global credit crisis, which was based on a built-up process of leveraging and accumulation of …
They Didn’t See It Coming
While nobody could have predicted the extent of the fallout of the credit crisis, the handwriting was on the wall that trouble was brewing the moment the Subprime crisis made news. It’s interesting that those who read economic and investment blogs seem to be better informed than the leadership. Take a look at this video: [youtube=http://www.youtube.com/watch?v=HqM7hcTMXDs]I’m sure you remember Paulson’s …
Sunday Musings: Can The Bailout Work?
The short answer is: Fat chance. This is according to Jon Markman, who wrote a piece titled “Can the bailout work? Here are some highlights: The recent volatility on Wall Street is virtually unprecedented and is likely to remain so until every trader dies of heart failure or the banking system is recapitalized with pixie dust, whichever comes first. But …
Bailing Out The World
One of the more unknown aspects of the bailout plan is that it provides foreign investors the opportunity to join in the dumping fest of bad assets onto the US Treasury. Here’s a video interview with Rep. Brad Sherman discussing the pros and cons of the plan. Below are some of the highlights of that video as featured at Global …
No Load Fund/ETF Tracker updated through 10/2/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpBuy and Hold investors got crushed this week as the major indexes had their worst week in 7 years. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -8.38% thereby confirming the current bear market trend. The international index now remains -16.32% below its own …