One anonymous reader submitted the following PBS video, which revisits the 1929 market crash. To me, there are some eerie similarities to today’s environment especially when looking at the total disconnect between Wall Street and Main Street. Can it happen again? Sure, only time will tell. However, it was not the crash that was devastating; it was the years that …
Reducing Risk
The WSJ reports that “Bond ETFs Draw A Surge Of Funds:” Investors burned by the stock-market meltdown are piling into bond exchange-traded funds in an effort to tone down risk and generate stable income. In particular, ETFs tracking inflation-protected bonds and corporate debt have seen cash fly in the door this year, which reflects the trend of more investors using …
No Load Fund/ETF Tracker updated through 8/20/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a sharp Monday sell-off, the major indexes recovered, and the bulls came out in full force. Our Trend Tracking Index (TTI) for domestic funds/ETFs has now crossed its trend line (red) to the upside by +6.16% keeping the current buy signal intact. The effective date was June 3, 2009. The …
A Lesson In Economics
Thanks to reader Robert for sending in this little story on basic economics: An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, …
Against Expectations
Many analysts had expected Monday’s sharp sell off to spill over into Tuesday, but it did not happen. The markets recouped about half of their losses from the previous day, and the major averages closed about 1% higher. The commonly held view is still one of caution in that many feel that the market has advanced too far and too …
Bears On The Prowl
The bulls had no chance yesterday. It was straight down from the opening bell with the bears feasting on a long overdue correction. As a reader of this blog, this should come as no surprise to you as I have been harping for months on the fact that the signs of an economic recovery are more wishful thinking than reality. …