Traders on Wall Street had to do an about face yesterday and take their focus off the European debt crisis for a while, as the shelling of a South Korean Island by the North Korean’s caught everyone off guard. As if existing problems weren’t enough, the North Koreans decided it was time to get some attention and what better way …
Hill Climbing
Things looked pretty dicey during the first half of the trading session yesterday as the major indexes headed straight south. A steady mid-day recovery effort got us almost back to the unchanged line with the Nasdaq displaying the most upward momentum. A couple events caused some severe swings in the market. The first one was a typical case of the …
At Last—Someone Making Sense
The Greek debt saga is being followed by the Irish debt saga, which will be followed by the—you fill in the blanks—debt saga. In a never ending twist, country after country will be overloaded with debt that can never be repaid, all in the name of bailing out the current bond holders and kicking the reality can down the road. …
Sunday Musings: Thoughts On Gold
Recently, MarketWatch featured several negative stories about gold as an investment. Here are some positive thoughts in “King gold keeps a steely grip over its subjects:”Gold has a place in anyone’s financial plan. It’s a proven insurance policy, and nowadays could even be a lucrative speculation. What gold is not is an investment, at least in the traditional sense. Gold …
Preserving Assets
Lately, I have received several emails from readers being concerned about the state of the economy, domestically and globally, and the effect of policies clearly designed to lower the value of the dollar. Larry’s comment/question is very typical: I’ve been doing OK using your strategy, but I’m getting pretty scared with all the dollar devaluation talk I’ve been seeing. What …
No Load Fund/ETF Tracker updated through 11/18/2010
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpSell offs followed by strong rebounds had the major indexes close at the unchanged line. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved above its trend line (red) by +5.80% (last week +6.19%) and remains in bullish mode. The international index has broken above its long-term trend line by +6.98% …