When referencing articles on the current, past or future state of economic affairs, my preference is to use material from authors who use common sense intertwined with their knowledge of the subject. Mish at Global Economic Trends is the top blogger in the universe and always writes about as direct and spot on as you can get. Economists Dave Rosenberg …
Trend Tracking: What’s A Selective Buy?
Reader Stewart emailed the following question: What does Selective “Buy” mean? I understand–from the How-To– what “Buy” means: choose from the top few funds. Presumably, “Selective” restricts that further, but what do you mean specifically? For instance, how would I apply a selective buy to country ETFs?As you know, to generate buy/sell signals for domestic and international funds/ETFs, we use …
No Load Fund/ETF Tracker updated through 9/9/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA last hour rebound pushed the major indexes into positive territory for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +3.03% (last week +3.19%) and remains in bullish mode. The international index broke back above its long-term trend line by +2.76% (last …
Stumbling To A Gain
A nice opening rally almost failed yesterday, as the Federal Reserve’s beige book acknowledged “widespread signs” of a slowing economy. That prompted a mid-day sell off, but the major indexes managed to finish on the plus side. Not helping matters was President Obama’s announcement that he would let the 2001 and 2003 tax breaks for the affluent expire at the …
Back Below 1,100
Yesterday, good old-fashioned profit taking, along with resurfacing worries that European banks may be undercapitalized after all, was enough to end last week’s winning streak. As I posted, the major indexes had rallied back to the upper end of their trading range, which means that very encouraging economic news is needed to drive the market through this glass ceiling. In …
The Bond Bubble Revisited
In last Sunday’s post, I talked about how to deal with media reports that may have you question your current investment allocations. The recent WSJ report on the potential bond bubble had some readers scrambling and making hasty and possibly incorrect investment decisions. Bill Fleckenstein approached the subject in a different way in “The next bubble is in punditry:” The …