So far, nothing has been able to kill this current market rebound and yesterday was no exception. Despite some leakage about tomorrow’s results of the stress tests, the major indexes moved higher with the Dow closing above the 8,500 level. By the time you read this on Thursday, you will most likely know if the stress test results will be …
Buy And Monitor?
There’s a new name for a glorified version of buying and holding I had not heard before as featured in “Stop, look and listen:” Whenever investors roiled by the market’s downturn declare that as an investment strategy “buy-and-hold is dead,” Leonard “Pat” Goodall, editor of the No-Load Portfolios newsletter, thinks about how mistaken they are. But Goodall, whose publication is …
Up, Up And Away
Yesterday, the markets only looked up and disregarded any negative or questionable news while the Dow powered higher by some 214 points. All major averages followed suit, and the S&P; 500 managed to wipe out its year-to-date loss by moving into positive territory, although by only a scant +0.47%. Our hedges advanced nicely on yesterday’s rally, and our Trend Tracking …
Sell In May?
Todd Harrison offered some interesting thoughts in a recent article titled “Sell in May and go away?” Here are some highlights: We asked last year whether we should sell in May and go away following the spirited sprint off the March lows. In the 12 months that followed, the S&P; was sliced in half as a confluence of negatives combined …
Sunday Musings: Double Stimulation
My wife Terri, who is an accountant, pointed to an article titled “Taxpayers to get rude surpise,” which addresses President Obama’s tax credit. Here are some important highlights: Millions of Americans enjoying their small windfall from President Barack Obama’s “Making Work Pay” tax credit are in for an unpleasant surprise next spring. The government is going to want some of …
Advisors Ditch Buy and Hold
Hat tip to Random Roger for pointing to an article in the WSJ called “Advisors Ditch ‘Buy and Hold’ For New Tactics:” The broad decline across financial markets in the past year has persuaded a small but growing number of financial advisers to abandon the traditional buy-and-hold strategy — which emphasizes long-term investing in a mix of assets — for …