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% …
Regaining Some Footing
After the slide of the past couple of weeks, the markets were in dire need of regaining some footing. They managed to accomplish that feat yesterday, as the major averages spent most of the session stuck in a sideways pattern. In the end, nothing much was gained or lost, which in itself was not a bad thing as some stability …
Unraveling
Yesterday was one of those days in the market place where, on a global basis, everyone was worried about what everybody else was doing—or not doing. Case in point is a few headlines that I picked up on MarketWatch during the day: “Dollar adds to gains after Ireland denies aid”“Crude slides 3% on dollar, China worries”“LatAm stocks slide on China, …