Monday’s slippery slope in the markets turned into a foundation, which formed a base on which a solid global rally erupted on Tuesday. It was set off after the Bank of Japan unexpectedly cut its key interest rate to almost zero. With the yen being at a 15-year high, concerns kept mounting that Japanese exports will be suffering severely. Since …
A Slippery Slope
Questions about slowing economic growth along with profit-taking pulled the markets off their lofty levels yesterday. After the euphoric run up in September, the fundamentals will now have to play catch up via earnings and other reports. One fly in the ointment was that analysts cut back their earnings forecasts for the S&P; 500 index, which has not happened in …
An Epic Bull Market?
If you are in need for some arguments as to why the markets will move higher, take a look at “Get ready for an epic bull market:” Investors are scared. Workers are worried. And pessimism reigns. Yet in one market, a boom is under way. I’m referring, of course, to the bond boom: For the year, the iShares Barclays 7-10 …
Sunday Musings: Wall Street
While I am not much of a movie buff, my wife and I did go out last week and saw “Wall Street.” I like actor Michael Douglas and, as anticipated, he played his role to perfection. While the story line was well done, personally I was hoping for a little more insight about the 2008 market crash. Details never emerged, …
Chart Patterns
Looking at chart patterns can sometimes help identify future market direction. While this obviously is not a perfect science, or a guarantee in any way that things should work out as a pattern indicates, I have seen remarkable consistency with some of them over the past 25 years. In previous posts, I have referred to some forecasters who include chart …
No Load Fund/ETF Tracker updated through 9/30/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpIt was a non-directional week, and the major indexes lost slightly. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +5.78% (last week +5.27%) and remains in bullish mode. The international index broke back above its long-term trend line by +5.43% (last week +5.57%). A …