Despite an early morning sell off to start the week, a late rally managed to support the major indexes, which eked out a small gain for the day. A gain is a gain, and it’s amazing to me how much resistance the market has shown. Helping yesterday’s cause was a bullish report on new home sales, with the sales rate …
Reader Hedge Question
Reader John had this to say about his experience with the SimpleHedge Strategy: Having read your ‘SimpleHedge’ Strategy document, I set up my own account in late March. Yesterday, my total gain went above 5%. If I remember your approach to investment correctly, you generally recommend investing another third of one’s account once a 5% gain has been achieved. Since …
Sunday Musings: Monetary Madness
Reader Robert emailed me an interesting story written by Bill Bonner of Vancouver, Canada (sorry, no link available) with the title “Romulus, Remus, Stimulus: A Brief History of Monetary Madness.” It puts the current monetary madness in historical perspective, and gives you something to think about. Those whom the gods would destroy are first granted stimulus. When a man wins …
Using The Benefit Of Hindsight
Our International Trend Tracking Index (TTI) signaled a buy on 5/11/09, which was followed by the Domestic TTI’s move into buy mode effective 6/3/09. As is often the case, just because long-term trend lines are crossed to the upside, it does not mean all is smooth sailing from there. The markets had a 4-week sell off before resuming their respective …
No Load Fund/ETF Tracker updated through 7/23/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDecent earnings kept the rally going with all major indexes gaining over 4% for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +4.79% keeping the current buy signal intact. The effective date was June 3, 2009. The international …
What Recovery?
I have always liked contrarian thinking, especially if it goes against the usual sound bites dispensed by the government or even Wall Street. Forbes had this to say in “What recovery? This Bond Investor Says It’s A Hoax:” The markets may be saying a recovery is imminent but a famed bond investor with a record of prescient calls thinks that’s …