A variety of forces combined yesterday and pulled the major indexes off their highs. Some kind of a correction was long overdue with the markets having enjoyed an extended run. It remains to be seen, if this is the start of something prolonged. Judging by the low volume, it does not appear that way but, nowadays, you need to be …
SPY vs. SH
Reader Joe had an interesting comment in response to Saturday’s post “Beating the S&P; 500 Index with an S&P; 500 Mutual Fund.”Here’s what he had to say: There is a flaw in your hedge – all Ultra-Long and Inverse funds have a “daily rebalancing” problem that causes them to all trend down over long periods. For example, if you bought …
Sunday Musings: More ETF Offerings
Reuters reports that “Flood of ETFs promising hedge style returns.” Let’s take a look at some highlights: Money managers are flooding the market with exchange-traded funds (ETF) and mutual funds designed to give even the smallest of investors access to hedge fund returns without all the usual restrictions or hefty fees. IndexIQ Advisors, a start-up firm that seeks to replicate …
Beating the S&P 500 Index with an S&P 500 Mutual Fund
I must admit that I have been having a lot of fun lately. Not the kind of fun you are probably thinking about; it was more the kind of fund that results from satisfying a curiosity as to what might happen when various scenarios are applied to an investment discipline. Sine I published my free e-book “The SimpleHedge Strategy” back …
No Load Fund/ETF Tracker updated through 6/11/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpTrading around the unchanged line made for an uneventful week. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +1.65% keeping the current buy signal intact. The effective date was 6/3/2009. The international index has now broken above its long-term trend …
Not Much Of A Day
On Wednesday, the markets did a repeat performance of Tuesday by selling off early and staging a nice rebound in the afternoon. Nothing much changed in terms of our invested positions. Today’s hat tip goes to Mish at Global Economics for posting a video, which tries to answer the question how some of the trillions of dollars that have been …