As you can imagine, with the markets having taken an unprecedented dive over the last few months, mutual funds have seen and outflow of assets as (hopefully) many investors realized that holding on to bullish funds in a bearish environment can be hazardous to your financial health. MarketWatch reports that “Mutual-fund firms rocked by asset decline:” After seeming to weather …
No Load Fund/ETF Tracker updated through 11/27/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThis week, the bulls ruled and an impressive 5-day rally ensued. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -12.65% thereby confirming the current bear market trend. The international index now remains -25.64% below its own trend line, keeping us on the sidelines. For …
Happy Thanksgiving
After the bears celebrated an early Thanksgiving last week, the bulls got the upper hand this week by reversing some of the losses via a 4-day rally. Even though the volume was light, it was an up move nevertheless. Amazingly, yesterday’s gains came in the face of bad economic news ranging from weak durable goods orders and the worst new-home …
Hanging In There
It was a see-saw day on Tuesday as the major averages struggled to hold on but managed to eke out a small gain. The Fed’s announcement that it will buy up to $100 billion in debt issued by Fannie and Freddie was well received along with news of new efforts to ease strains in the consumer credit markets. The new …
Staying Neutral
The markets continued their rebound yesterday, which started on Friday, and pushed the major indexes up over 10% in two trading days. Supporting cast was the rescue of Citigroup by the US Government along with optimism that President elect Obama’s assembled team will be qualified for the job. The big unknown was how much of that rally was simply short …
A New Kid On The Block
As you can see from Friday’s chart, a new indicator, called the Global Dow, was recently added. For some details as to what this index covers and how it has fared this year, MarketWatch featured this story: The Global Dow launched on Tuesday — the first addition to the Dow Jones Averages family of indexes in 75 years. Like its …