When I heard of strong earnings released by Goldman Sachs last week, I had to shake my head in disbelief wondering if anybody saw through the charade of bank earnings. Apparently others saw it too, as the WSJ featured in “The Bank Profits That Weren’t:” Most investors and analysts saw through the first wave of bank earnings for what they …
Inching Higher
Follow through bullishness from last week gave the markets another jolt yesterday and all major indexes gained—although on continued low volume, which makes this rally suspect. Strong earnings reports from Goldman Sachs and Intel last week seemed to keep the bullishness intact for the time being. Technically speaking, the S&P; 500 is now facing an important resistance level at 951. …
Clever And Clueless Mutual Funds
Forbes featured an article titled “Clever/Clueless,” which featured well known funds, which stand out for better or worse: The market can make anyone look either clever or clueless in the short term, but some fund managers have been skilled enough to post market-beating returns over the last 10 years. Others have performed dismally in both bull and bear markets. CGM …
Sunday Musings: Failing To Protect
Random Roger made some interesting comments in a recent blog post regarding asset allocation appearing not to have worked during last year’s market debacle: In my opinion total reliance on some sort of long standing formula is simply lazy (talking about people who get paid to manage assets). Every asset class has fundamental dynamics that change in some ways over …
Buy And Hold Revisited
In “S&P; 500 Rally Poised to End; Buy and Hold Still Bad Advice,” Mish at Global Economic Trends revisits the fact that buy and hold remains to be a questionable long-term form of investing. I want to hone in on his featured Nikkei monthly chart: [Click on chart to enlarge] The Japanese Stock Market is about 25% of what it …
No Load Fund/ETF Tracker updated through 7/16/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpRenewed optimism pulled the markets out of the doldrums of the past four weeks. All major indexes gained sharply. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +3.07% keeping the current buy signal intact. The effective date was June 3, …