Many readers are concerned about the long-term consequences of the stimulus package and the various bailout programs. Reader Chris had this to say: Great posting of the comment on the car maker bail-out. My sense is that Washington is not really getting at the depth of the problems, and that there are two possible bad outcomes ahead: A massive “deflationary …
No Load Fund/ETF Tracker updated through 2/12/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDisappointment over the lack of specifics regarding a banking rescue pulled the major indexes down. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -9.29% thereby confirming the current bear market trend. The international index now remains -17.28% below its own trend line, keeping us …
Zigzagging Higher
After Tuesday’s sharp drop, the major averages tried to find some footing yesterday from which to move higher. It turned out to be a see-saw day, but we ended up slightly to the upside much to the relief of many investors. We now have to wait and see if these levels hold or if we are heading further south again. …
Stimulating The Bears
Did you notice it yesterday morning? I sure did. The sun was shining just a little bit brighter, the birds were chirping just a little bit louder and the wind was blowing just a little bit gentler. I felt calm and relaxed and assured that the world is now a better place. Strange feelings indeed, and then I realized what …
A Historic Buying Opportunity?
Seeking Alpha featured “Have We Reached a Historic Buying Opportunity?” Here are the last two paragraphs: The main thing I can say about the current environment, Matt, is though I can’t tell you what is running when or if we’re stuck in a 1-year rut or a 5-year rut, what I do know is that the general area we’re in …
It’s All Good, Right?
The WSJ summed up last week’s market optimism in “It’s All Good, Right? Right?” The indefatigable optimism of Wall Street is something to behold at times. The market has just been treated to the largest one month of layoffs since the dreary 1970s, which was on the heels of a slew of other global indicators that underscore the depth of …