The WSJ featured an article titled “Rebound of the Losers,” which focused on well-known mutual funds that got clobbered in last year’s market meltdown. Much of the discussion centers on how fund managers misread the market and stayed the course, which turned out devastating for those investors who hung on for the ride. Of course, since the end of last …
Sunday Musings: Is It Time To Buy Muni Funds?
Barron’s posted an article about California IOUs along with some thoughts on the possibility of purchasing muni bond funds. Let’s listen in to “California Scheming:” The outcome of the California crisis ultimately will be determined by politics. As I pointed in the print edition of Up & Down Wall Street a few weeks ago, “Having bailed out the banks and …
Update on Target Funds
Just after the bear market of 2000, I published an article called “Do Lifestyle funds Provide Greater Security?” I talked about the fact that they were a new product that could be sold to investors by giving the incorrect perception that the value will not drop, and they would provide some means of safety. That fact got shattered in a …
No Load Fund/ETF Tracker updated through 7/9/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpLack of confidence in the recovery pulled the markets down for the 4th week in a row. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +1.75% keeping the current buy signal intact. The effective date was June 3, 2009. The …
Back To The Big Picture
The markets continued to struggle yesterday but managed a turnaround in the last hour from another sharp sell off. The effect on our Trend Tracking Indexes was negligible. Every so often, I like to look at the big picture as to where we are in relation to other historical bear markets. The best graph on that subject is compiled by …
Slipping And Sliding
The markets could not find any footing yesterday and south we went. Oil prices slipped due to the fact that the much touted recovery may not arrive as expected, which would reduce demand. As is usually the case with sharp market rebounds, the magnitude of this one overshot to the upside and was way overdue for a correction. With talk …