Last week’s feel-good rally came to an abrupt end yesterday when the major indexes ran into a brick wall in form of further weak economic news. I’m sure that profit taking had some effect on the sell-off and, as I mentioned before, hopefully, many investors used that opportunity to get out of their long positions. Contributing to the market’s malaise …
Should I Ease Back In?
Reader Rich is considering moving back in the market by allocating a small portion of his 401k. Here’s what he said: Last March I sold all mutual funds in my retirement accounts at work and moved them into money market funds, currently allocating 100% of new monies into those money market funds. My question is: In your opinion, should I …
Sunday Musings: A Sucker’s Rally?
The past week’s rally has been one of the strongest on record in some 30 years. As I said before, these kinds of rebounds don’t happen in bull markets but only in bearish environments when markets have been pushed down to extreme levels. While those who have held on to their losing positions throughout year are cheering loudly, it’s questionable …
Rocking Mutual Funds
As you can imagine, with the markets having taken an unprecedented dive over the last few months, mutual funds have seen and outflow of assets as (hopefully) many investors realized that holding on to bullish funds in a bearish environment can be hazardous to your financial health. MarketWatch reports that “Mutual-fund firms rocked by asset decline:” After seeming to weather …
No Load Fund/ETF Tracker updated through 11/27/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThis week, the bulls ruled and an impressive 5-day rally ensued. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -12.65% thereby confirming the current bear market trend. The international index now remains -25.64% below its own trend line, keeping us on the sidelines. For …
Happy Thanksgiving
After the bears celebrated an early Thanksgiving last week, the bulls got the upper hand this week by reversing some of the losses via a 4-day rally. Even though the volume was light, it was an up move nevertheless. Amazingly, yesterday’s gains came in the face of bad economic news ranging from weak durable goods orders and the worst new-home …