Chart courtesy of YahooFinance With interest rates near zero, income investors have been pouring money into junk bonds at an alarming rate. JNK, see above chart, is one of the more popular ETFs and has grown to over $5 billion in assets. With an average daily trading volume of almost $90 million, it’s a snap to get into or out …
Back To The U.S.
I am leaving Germany this morning and will be heading back to California, so I won’t have a chance to write Sunday’s musings. Regular posting will continue on Monday.
Reader Comment: Market Roll Over?
Reader Roger had these comments regarding an article he submitted with the title “Is the market ready to roll over?” The above article makes a pretty strong case indicating the market is about to reverse direction based on a large number of technical indicators. Of course this conclusion is based on the supposition that past market movements forecast future movements, …
No Load Fund/ETF Tracker updated through 10/21/2010
My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php Selloffs and rallies were the name of the game, but the major indexes closed up slightly. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +6.52% (last week +6.62%) and remains in bullish mode. The international index has broken above its long-term trend …
Good Rebounding Effort
Whenever you witness a sharp selloff, such as we’ve seen on Tuesday, the question pops up as to whether this will be the beginning of a trend reversal or simply a shock reaction to a certain event. Judging by yesterday’s rebound, it appears to be the latter, as the major indexes found some footing and almost wiped out the previous …
Shocking The Markets
A variety of news events combined forces yesterday to pull the major indexes off their lofty levels. In the mortgage fiasco arena, Bank of America was sued by a consortium of investment firms and the New York Fed to force the bank to buy back mortgage backed securities worth some $47 billion. This will be just the beginning in an …