There will be no post today, since various commitments are keeping me out of the office. Regular posting will resume on Monday.
Retirement Plan Worries
Despite the recent rebound in the market place, not all is well in most 401k accounts, as MarketWatch reports in “Plenty of Reasons to Worry:” Happy days are here again, right? After all, the markets are up, Americans are twittering happily about their 401(k) accounts, and life is good, right? Not so fast. The Employee Benefit Research Institute just rained …
No Load Fund/ETF Tracker updated through 8/6/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe rally resumed after a few flat days with the better than expected unemployment report driving the major indexes to their highs for the year. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +4.68% keeping the current buy signal intact. …
Lifestyles Of The Rich And Incompetent
Reader Delo pointed to a link on Minyanville featuring Eight Lifestyles of the Rich and Incompetent. There seems to be some correlation in the size of the mansion they are occupying and the stock price of the company they’re running. Enjoy the slide show.
Holding Steady
If you watch psychologically important levels, then the fact that the S&P; 500 and Nasdaq remained above 1,000 and 2,000 respectively yesterday, is definitely a good thing. Despite some bobbing and weaving throughout the session, last half-hour buying pushed the major indexes into plus territory, which means that the Dow and S&P; 500 have gained four trading sessions in a …
The Summer Rally Continues
It seems like no one bothered to look in the rear view mirror yesterday as the major indexes rallied on and broke two important psychological levels. The S&P; 500 managed to close above 1,000 for the first time since November 4th and the Nasdaq above 2,000, a level which it has not reached since October 1. This now brings the …