Monday’s sharp drop of the major averages gave the bullish crowd a lot to think about and confirmed our bearish stance. Follow trough selling was contained yesterday as the chart (thanks to MarketWatch) shows, with most of the activity being directionless bouncing around the flat line. Despite sharp rallies and subsequent market drops we are now just about back to …
One Reader’s Investment Strategy
Reader Fred shared with me his approach to investing, which has worked well for him over the past 10 years. Here’s what he had to say: I subscribe to an advisory service called “The Chartist”. This service has had its subscribers 100% in cash since the middle of January 2008. So I am not invested in any mutual funds at …
A World Of Potential Conflicts
As I elaborated in yesterday’s post, many readers seem to focus on future events trying to evaluate now as to what the best course of action for their portfolios might be, should this event actually come to pass. Here’s what reader Jerry had to say: The threat of Israel striking Iran nuclear facilities seems greater as the elections are upon …
Sunday Musings: Election Confusion
Whenever a major event is shaping up, such as the current Olympic Games or the upcoming elections, investors seem to set their sights on these milestones as a basis for making decisions. I have heard arguments like “I’ll hold my China ETF till after the Olympics, and then I’ll sell,” or “I wait till after the elections, and then I’ll …
How To Lose 46%
One newsletter reader, who wants to remain anonymous, called a couple of days ago and told me that his wife’s portfolio just lost some 46% dropping from $170k to some $91k in about 1-1/2 years. Your first reaction might be “how could you let this happen,” but I believe that this is, unfortunately, not an isolated case. Whenever investors engage …
No Load Fund/ETF Tracker updated through 8/21/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpFriday’s sharp advance based on lower oil prices and soothing words from the Fed chairman was not enough to keep the major indexes in positive territory. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -0.64% thereby confirming the current bear market trend. The international …