In response to a recent post, reader Don provided this feedback a week ago: This is in response to “How High Can We Go“, and the current overbought condition of the market. John Hussman has a superb article on this, which you can read here. The title alone got my attention: The Stock Market Has Never Been This (Intermediate-Term) Overbought. …
Sunday Musings: A Down Decade
Most investors don’t realize that market returns, as measured by the S&P; 500, are in negative territory for this decade. In other words, even money under your mattress would have done better than having been invested on a buy and hold basis in the major indexes. MarketWatch featured a story on the subject a month ago, but it is still …
Subjective Reasoning
With the market having sold off sharply last Wednesday, several sell stops were triggered causing reader feedback. Here’s one comment, which came in Thursday morning as a rebound was underway: EWZ has a big rebound from yesterday’s sell signal to this morning’s 6+% rise. I’m going to hold on to that one. Do you ever change your mind (from strict …
No Load Fund/ETF Tracker updated through 10/29/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe bears spanked the bulls this week as poor economic reports pulled the major indexes lower. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +6.63% keeping the current buy signal intact. The effective date was June 3, 2009. The international …
Heading South
The markets continued to stumble yesterday as downward momentum accelerated. Much has been written about a potential market top and one of the more interesting observations and references was made by Mish at Global Economic Trends in a post titled “Multi-year Stock Market Top could Be In.” With yesterday’s action, several sell stops were triggered, and the affected holdings will …
Reader Sell Stop Question
As the markets begin to show signs of weakness, questions about the sell stops keep coming in. Here’s one from a reader asking for clarification: You also suggest selling a fund if it has dropped more than 7%from its most recent high. My question is, if a most recent high occurred in May this year and the fund/ETF is down …