My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.php All eyes are on the negotiations about the bailout plan. The major indexes lost for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -4.23% thereby confirming the current bear market trend. The international index now remains -10.28% below its own trend …
Let Mama Make It Better
Hat tip to Mish at Global Economics for this great rant about bailing out the big boys on Wall Street: [youtube=http://www.youtube.com/watch?v=mbD62gNi9WE]
Power Grab
The markets whipsawed Tuesday and ended sharply lower because of the bailout package not racing through congress as many had hoped for. Good thing, because some of the provisions are questionable and downright alarming. Can you spell power hungry? Then read what now have become the most feared 32 words of the bailout proposal submitted by Treasury Secretary Paulson: “Decisions …
Too Negative?
The markets tanked again yesterday as much uncertainty about the proposed government bailout package prevented traders from chanting that happy days are here again. The bears ruled, and I expect this volatility to continue for quite some time. With the unique events of the past few weeks, I have attempted to write about as well as reference articles of interest …
The Bailout Culture Turns 10
In light of the government bailout of failed institutions, it is only fitting that these current efforts are happening around the 10-year anniversary of the rescue of Long Term Capital Management (LTCM), which I detailed in a book review last year titled “When Genius Failed.”MarketWatch had a follow up story to that historic bailout. Here are some snippets: In less …
Sunday Musings: A New World Order
The WSJ featured a niece piece titled “One Week Later, a New World Order,” which reflected on the amazing events of this past week. In case you missed some of the action, here are some excerpts: Years from now, number-crunchers looking at weekly changes in the Dow Jones Industrial Average will look at the week ending Sept. 19, 2008, and …