My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpHigh volatility along with all around bad economic news pushed the major indexes to October lows. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -16.84% thereby confirming the current bear market trend. The international index now remains -27.97% below its own trend line, keeping …
Closing In On The Lows
Bad news all the way around sent the major indexes on a downward slide yesterday. It was pretty much a continuation from the prior day with weak consumer spending, continued retail worries as well as changes to the $700 billion bailout plan leading the news. We are now getting close to the October lows, which many technicians watch very closely. …
Heading South
The markets could not find much of a footing yesterday as nothing but negative news flashed across the computer screens. While it could have been worse (the Dow was down 300 points at one time), the rebound was not enough to calm traders’ nerves. Even oil dropping below $60/barrel had no supporting effect, because it is a sign that all …
Words I Thought I Never Hear
MarketWatch featured a piece called “Bottom Fishing.” The story mentions one mutual fund that for one brief shining moment last week showed a positive return for the year: It’s best not to judge fund managers on short-term results, but in this harrowing market climate, anyone who can even approach breakeven is probably worth a closer look. Forester’s eponymous Forester Value …
Main Street vs. Wall Street
Have you ever come across something that made you laugh because it hit the nail on the head, and no other words were necessary? This happened to me when a client emailed me this picture, which exactly resembles how Main Street feels about Wall Street these days. Out of sensitivity, I deleted the obscenity, but I think you get the …
Sunday Musings: No Place To Hide
Hat tip to Random Roger, who referenced this WSJ article titled “No Place To Hide” in his blog a few days ago. It contains some interesting facts along with the usual dose of ignorance by the #1 buy-and-hold cheerleader Vanguard. Let’s listen in: For months, many mutual-fund investors could take comfort in this: They had endured worse during the tech-stock …