You may recall my book review last June with the title “Why Business People Speak Like Idiots.” I am reminded of the stupid statements being pushed on to the public almost daily. One in particular that caught my eye a couple of days ago was a blurb by the WSJ MarketBeat called “AIG Slumps…If One Believes in Numbers.” Let’s listen …
Shoring Up Money Market Funds
Just because its not headline news, does not mean that all is well in “money market land.” I have repeatedly advised not to play the sucker’s game and invest idle cash in high-yielding money market accounts, since they are the biggest investors in toxic Subprime slime. On that topic, MarketWatch reported that Legg Mason swings to quarterly loss. Here are …
No Load Fund/ETF Tracker updated through 5/8/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpContinued sideways activity kept us away from a new domestic Buy signal. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +1.35% above its long-term trend line (red), which means we remain close to breaking out to the upside of the neutral zone (+1.50%). The international index dropped to …
Riding The Roller Coaster
Today, the major indexes meandered sideways with an upward bias; however, they closed higher recouping some of yesterday’s losses. Our Trend Tracking Indexes (TTIs) recovered as well and the domestic TTI broke out of its neutral zone (+1.50%) and currently sits +1.58% above its long-term trend line. Yes, I feel like I sound like a broken record when repeating again …
Shifting Back To Neutral
If you find the constant lack of direction and follow through that the market has been throwing at us maddening, you’re not alone. Yesterday’s broad retreat was a reminder again how fickle this market has become and that at any given time any event can derail the upward momentum. While we were within striking distance of a new domestic buy …
Upside Break-Out
Despite a sharp drop after the market opening on Tuesday (see chart), the major indexes recovered and closed higher with solid gains. In the face of $123 crude oil, and predictions of prices moving into the $150 to $200 area in the next 6 to 12 months, the markets resisted any sell off attempts. Our domestic Trend Tracking Index (TTI) …