Yesterday I talked about the fact that the markets are stuck in a sideways pattern, from which they will eventually break out into new territory. That’s a guarantee—the unknown is when the breakout will occur and in which direction. Supporting that view is W.D. Gann, considered by many professionals one of the greatest commodity traders ever. What do commodities and …
Sunday Musings: Seeing Both Sides
Todd Harrison at Minyanville brought up some interesting points in “Strap Yourself in Goose:” My greatest strength is knowing what I don’t know. Stay humble, I’ve learned, or the market will do it for you. What I do know is this: There is a massive disconnect right now between the credit markets and the equity space. If credit can catch …
Current Economic Analysis: Telling It Like It Is
There are a few blogs that are on my daily read list because they offer unbiased advice about a variety of topics related to the economy. In terms of real estate, I enjoy Dr. Housing Bubble while in the finance and global economic events, I favor Mish Shedlocks’s Global Economic Trend Analysis.Dr. Housing Bubble featured an interview with Mish, which …
No Load Fund/ETF Tracker updated through 2/21/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a bearish bias, the major indexes staged a last minute rally to end up positive for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs remained -0.56% below its long-term trend line (red), in bearish territory. The international index dropped to -6.84% below its own trend line, keeping us …
Changing Allegiances
It was just a matter of time before it happened. With many big banks being stuck in the Subprime mess by taking large losses, and others being involved with lawsuits alleging unsuitable investments to municipalities which, after the collection of huge upfront fees, collapsed in value, private clients finally took notice. The article “Ripe for the poaching” had this to …
Downgrades May Cost Billions
In a follow up to yesterday’s post regarding bond insurers. CNN Money reports that any downgrades may cost banks billions in increased reserves:Downgrades of bond insurers could require banks and securities firms to increase reserves by between $7 billion and $10 billion, rating agency Moody’s Investors Service estimated on Tuesday. If trouble in the so-called monoline business gets even worse, …