The markets took it on the chin yesterday with all major indexes heading sharply south and honing in on last November’s lows. Actually, the Dow came within 31 hundredth of a point of taking out the November 20th level. The November low of 752 of the S&P; 500 held up so far, but we have moved within striking distance. Causing …
7 Years Of Wealth Wiped Out
MarketWatch featured a story titled “Seven Years of Wealth Gone.” Here are some highlights: The nest egg of the typical American family is smaller now than it was seven years ago, according to Federal Reserve data released Thursday. The inflation-adjusted net worth of the typical family increased 17.7% to $120,300 from 2004 through 2007, the Fed said Thursday in its …
An Economic Reset
The last couple of days I talked about the long-term impact of last year’s market collapse. The dark side of the burst credit bubble will be with us for a long time and most people have no idea yet how their lives will be changed forever. Wishful thinking by the Fed and the government that we can continue with a …
Sunday Musings: Can’t Please All The People All Of The Time
It’s very rare that I get any comments on my blogging efforts in general and not just on specific articles. This week was different as reader Larry sent in this courteous critique: I have a lot of respect for you and your work and enjoy your weekly FREE letter, but lately I am losing interest in your blogs. I am …
Reader Q&A: Inflation Or Deflation?
Many readers are concerned about the long-term consequences of the stimulus package and the various bailout programs. Reader Chris had this to say: Great posting of the comment on the car maker bail-out. My sense is that Washington is not really getting at the depth of the problems, and that there are two possible bad outcomes ahead: A massive “deflationary …
No Load Fund/ETF Tracker updated through 2/12/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDisappointment over the lack of specifics regarding a banking rescue pulled the major indexes down. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -9.29% thereby confirming the current bear market trend. The international index now remains -17.28% below its own trend line, keeping us …