Lately, I have received quite a number of emails asking my view about 2009 and how one can establish some positions early to participate in upcoming market opportunities. Reader Ken put it this way: Thanks Ulli for doing this great service, and writing all that you write with a lot of honesty, simplification and cutting through the noise-clutter. There is …
Worthwhile Thoughts On Investing
From time to time, I have quoted Al Thomas, author of the book “If it Doesn’t go up, Don’t buy it!” Al wrote another column this past weekend worth paying attention to: A year ago I wrote in this column, “I don’t know what mysteries 2008 will bring, but I will predict that anyone without an exit strategy is going …
Riding The Wave
Many readers have asked about my opinion about the Elliott Wave Theory (EWT). I personally don’t follow it, because I try to focus mainly on the major trends. However, there are some lessons to be learned in terms of where we might be at in the big picture. While my trend tracking approach tells us whether we are in bull …
Sunday Musings: The Failure Of Bailouts
I’ve touched on the potential failure of government bailouts on several occasions. Minyanville examined that issue again in a recent post called “Automakers, Banks Ignore Elephant in the Room:” So there you have it. The U.S. Treasury this morning said it has committed $6 billion in support of GMAC LLC, the desperately wounded financing arm of General Motors (GM). The …
Watch Out For The Hype
Reader Mike pointed to an excellent article written a few days ago in Minyanville titled “Don’t believe the hype.” Let’s look at some highlights: Yesterday, for the third time in as many weeks, the US Government sold Treasuries at a yield of zero, as investors sought no interest in exchange for getting their money back in 4 weeks’ time. And …
No Load Fund/ETF Tracker updated through 1/1/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe bulls greeted 2009 with a bang, and all major indexes closed higher. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -7.28% thereby confirming the current bear market trend. The international index now remains -17.77% below its own trend line, keeping us on the …