It was a see-saw day on Tuesday as the major averages struggled to hold on but managed to eke out a small gain. The Fed’s announcement that it will buy up to $100 billion in debt issued by Fannie and Freddie was well received along with news of new efforts to ease strains in the consumer credit markets. The new …
Staying Neutral
The markets continued their rebound yesterday, which started on Friday, and pushed the major indexes up over 10% in two trading days. Supporting cast was the rescue of Citigroup by the US Government along with optimism that President elect Obama’s assembled team will be qualified for the job. The big unknown was how much of that rally was simply short …
A New Kid On The Block
As you can see from Friday’s chart, a new indicator, called the Global Dow, was recently added. For some details as to what this index covers and how it has fared this year, MarketWatch featured this story: The Global Dow launched on Tuesday — the first addition to the Dow Jones Averages family of indexes in 75 years. Like its …
Sunday Musings: What If GM Goes Broke?
With the formerly Big 3 automakers having been constantly in the news lately, the question asked most recently was what if GM goes broke? MSN Money had some insights as to the consequences: Neither a bailout nor bankruptcy may save General Motors or the other Detroit automakers. So imagine the cost of losing GM, starting with millions of jobs. The …
Bottom Fishing
Ever since the markets made new lows in October many investors, as well as the folks on Wall Street in general, were on a quest to declare a bottom which, I guess, was supposed to be followed by an imminent and profitable turnaround. I received my share of emails from readers curious about the subject of bottom fishing. The WSJ …
No Load Fund/ETF Tracker updated through 11/20/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA repeat of last week as the bears had fun feasting on a bullish carcass. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -17.17% thereby confirming the current bear market trend. The international index now remains -32.27% below its own trend line, keeping us …