MarketWatch reports “Much more pain to come, says fund manager.” Let’s look at some highlights: Investors hoping to see an economic improvement in 2009 may be in for a rude awakening if one fund manager is to be believed. Jeremy Grantham, chairman at value shop GMO, said that he thinks there will be far more write-downs than is currently assumed, …
Reader Question: Making Losses Permanent?
The emails from investors, who have held on to their long positions during this bear market, keep coming in. Here’s what reader Dave had to say: I am 73 and still working. Against all advice, I remained 80% in stocks because I felt I had such a long way to go to be able to afford to retire, and was …
Sunday Musings: The Little Engine That Could
During the market meltdown of 2008, many stories surfaced of publicly traded companies complaining about short sellers contributing to the sharp decline of their stock price. For the most part this was pure nonsense, but made for a nice excuse, as the fault of a sliding stock price was caused by poor management decisions or simply a failed business model. …
Looking For Opportunity
It’s been exactly 7 months, since our domestic Trend Tracking Index (TTI) signaled a sell on 6/23/08 to move out of domestic equity funds/ETFs and into money market. Since that day, a lot has happened and, unfortunately, those investors without a clear exit strategy saw a large portion of their portfolios destroyed in record time. Despite vicious rally attempts, most …
No Load Fund/ETF Tracker updated through 1/22/2009
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpWild swings in the market contributed to further losses. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -10.89% thereby confirming the current bear market trend. The international index now remains -21.79% below its own trend line, keeping us on the sidelines.For more details, and …
Rescued From A Wreck
Last Friday, Marketbeat of the WSJ featured “Getting Rescued From A Wreck:” There are heroes in this country, and then there is Bank of America CEO Ken Lewis. The selling in equities that occurred in the first full week of trading in 2009 was not overly alarming to investors in the wake of a better-than-expected “Santa Claus rally.” But this …