My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpGreat rebounds and jaw dropping losses kept the major indexes in the green for the first time in many weeks. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -16.15% thereby confirming the current bear market trend. The international index now remains -24.74% below its …
Reality Check
After Monday’s euphoric reaction, realization started to set back in on Wednesday that a painful recession is underway. Most gains were wiped out again and the major indexes got hammered. Below is a video clip with Peter Schiff, who was one of the few who saw the handwriting of the real estate/credit crisis on the wall, when most were still …
Made It…
The usual jet lag is still my constant companion as I finally made it over to Europe, or more specifically Hamburg, Germany. The picture is of the Port of Hamburg (800 years old), which is a seaport and deep water harbor off the North Sea, on the river Elbe in Hamburg, Germany. It is named Germany’s “Gateway to the World” …
Up, Up And Away
A long overdue market rebound generated euphoria on Monday, as governments around the world pledged to inject new capital (with no limits) into banks and financial institutions in an effort to ease the credit crunch. Market reaction to the upside was fast and furious as the graph on the left shows. Take a look at the numbers, as this may …
Stupid Quote Of The Week
I was waiting for it to happen. Whenever bear markets strike, buy-and-hold proponents come out and tout the wisdom of their ways. Leading the pack as usual is Jack Bogle, founder of Vanguard who had this to say: “If you’re following the rules of asset allocation, diversification and long-term horizon, stay the course.” Sure, along that long-term horizon, we will …
Sunday Musings: Back To The Cookie Jar
No surprise in this story as MarketWatch reports that “Fed to lend billions more to AIG:” The Federal Reserve announced Wednesday it was lending billions of additional funds to cash-strapped American International Group Inc. Under the program, the New York Federal Reserve Bank will provide $37.8 billion in additional cash to certain domestic life insurance subsidiaries of AIG in return …