It’s been all over the news that the CEOs of the 3 automakers traveled to Washington again, hubcap in one hand while looking for a handout with the other. Minyanville had this story: If you’re planning to beg Uncle Sam for $25 billion, it might be smart to brush up on your poor-boy act first. The CEOs of General Motors …
Reader Questions
Reader John had these questions and comments: Given the fact this market is something we’ve never experienced is your re-entry strategy the same as in the past?Yes it is; nothing has changed with our re-entry strategy. As the bear market goes on, the trend line will move lower, while prices eventually move higher generating a new buy at the crossing …
Still Bailing
While I don’t always agree with Bill Fleckenstein’s view, he wrote an interesting article yesterday titled “Trillions down and still bailing.” Take a look: Unfortunately, despite some 12 financing facilities created by the Treasury and the Fed, massive interest rate cuts and various bailouts, the government has little to show for its attempts to dictate where markets should trade. The …
Keeping The Powder Dry
As you can imagine, with the markets having devastated many portfolios, I have received a lot of client and reader mail expressing how this crisis has affected them, and how trend tracking has made a difference to those who followed its signals. Reader Steve had this to say: Many thanks from a very satisfied client. It is with a sense …
Sunday Musings: A Tough Turnaround
Todd Harrison wrote a piece in MarketWatch titled “The great expression,” in which he is making historical comparisons and finding positives and opportunities in a current world peppered by negatives. Let’s listen in: Wall Street is dusting off the history books for lessons in how to deal with the financial crisis, but quickly discovering that this script has never been …
Getting It Right And Still Losing
MarketWatch featured an interesting story a few days ago with the intriguing title “Getting it right and still losing.” Let’s look at some highlights: Sometimes you can’t win for losing. Just ask Harry Schultz. Or Howard Ruff. Or Jim Dines. All three advisers, each of whom has been editing an investment newsletter at least since the 1970s, have built their …