Reader Mike decided to not to follow our last domestic Sell Signal (6/23/08), but he actually added to his investment positions. Here’s what he had to say: I have been buying CGMFX over the last 6 weeks between $54 and as high as $60 per share. I have bought about $40,000 of it. It seemed to go up every time …
No Load Fund/ETF Tracker updated through 8/7/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA volatile market with an upside bias gave the bulls the upper hand. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -1.30% thereby confirming the current bear market trend. The international index now remains -6.63% below its own trend line, keeping us on the …
A Bear In The China Shop
With the Olympic Games being upon us, I was reminded of a reader’s comment last year. China’s ETF (FXI) had come off its high by 10% causing us to liquidate our positions. This reader wrote in to say that he would hang on to FXI until after the Olympics and then get out. I have heard this argument before that …
Bulls On The Run
The bulls partied and enjoyed a swig from the punch bowl after oil prices broke below $120/barrel and the Fed, as expected, left interest rates unchanged. Bargain hunters stepped in doing some buying while short-covering helped the bullish cause. It’s not secret that the Fed is stuck between a rock and a hard place. Yesterday, they chose boosting the economy …
Which Asset Classes Are Hot?
Seeking Alpha featured a story titled “REITs Pop While Commodities Flop,” showed a summarized table showing various assets class returns of various time periods. Let’s take a look: While commodities were the hot item for most of this year, the trend has clearly reversed as the sharp 1-monht drop of DJP shows. REITs, as represented by VNQ, have shown a …
Investing In Financials
Based on reader email, I know that there are many investors out there itching to try to pick a bottom in the severely beaten up financial sector. It’s beyond my understanding why the desire to gamble is so prevalent in that area. The Big Picture had some enlightening comments on the subject. Here are some excerpts: Just when you think …