My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpContinued volatility moved the major indexes with not much to show for. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -0.56% thereby confirming the current bear market trend. The international index now remains -7.08% below its own trend line, keeping us on the sidelines. …
The Mismanagement Of America
I found this interesting video clip on YouTube featuring Lawrence Hrebiniak, Professor of Management at The Wharton School. It’s a bit lengthy but well worth it. His book with the same title has just been published. [youtube=http://www.youtube.com/watch?v=kwQWGNWzlGM]
A Stronger Dollar
With the dollar having turned the corner and headed higher, at least for the time being, we got stopped out of our Swiss Franc positions last week. Gold went from sideways to south, and our stop loss point was triggered there as well. Reader Steve had this to say: I am confused, what caused the dollar to strengthen and what …
Clarification: The Sell Rule And Stop Loss Points
One new reader is still uncertain on the proper use of the sell stops. Here’s what he had to say: In your write up for new investors you say that as soon as you buy a mutual fund or ETF, you establish two sell rules. The upside and the down side. The down side is clear – a trailing 7% …
Sector Breakout
Despite the major domestic indicators having rebounded last week, we are still in a bear market with our Trend Tracking Indexes (TTIs) being stuck below the trend line, as I pointed out last Friday. However, some sectors are bucking the trend and are breaking out to the upside. VHT is one example and a reader had this to say: Can …
Sunday Musings: Covering your ARS
Two of the heavyweights in investment banking, Citigroup and Merrill Lynch, have been taken out to the barn and spanked because of improper sale of their ARS (Auction Rate Securities). Bloomberg reports as follows: Citigroup Inc., the largest U.S. bank by assets, agreed to buy back or help clients unload as much as $19.5 billion in auction-rate securities and pay …