The short answer is: Fat chance. This is according to Jon Markman, who wrote a piece titled “Can the bailout work? Here are some highlights: The recent volatility on Wall Street is virtually unprecedented and is likely to remain so until every trader dies of heart failure or the banking system is recapitalized with pixie dust, whichever comes first. But …
Bailing Out The World
One of the more unknown aspects of the bailout plan is that it provides foreign investors the opportunity to join in the dumping fest of bad assets onto the US Treasury. Here’s a video interview with Rep. Brad Sherman discussing the pros and cons of the plan. Below are some of the highlights of that video as featured at Global …
No Load Fund/ETF Tracker updated through 10/2/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpBuy and Hold investors got crushed this week as the major indexes had their worst week in 7 years. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains below its trend line (red) by -8.38% thereby confirming the current bear market trend. The international index now remains -16.32% below its own …
Why $700 Billion?
Ever since the original $700 billion bailout proposal was suggested, I’ve been wondering how this figure was arrived at. After all, why not $600 billion or even $900 billion? You’d think that maybe for some time a group of sharp economists and bankers in the know have, behind closed doors, pored over stacks of numbers and reams of papers trying …
Holding Forever?
After Monday’s drubbing, the markets roared back on Tuesday with the major indexes more than cutting their losses in half. The only fly in the ointment was that the rebound occurred on weak volume suggesting that not everyone was convinced that this would be more than a dead cat bounce. Of course, the big factors behind the comeback were hopes …
Rejected
The bailout package was rejected yesterday and, with Dow being down some 300 points as the announcement was made, it dropped another 300 points within seconds thereafter. Rebound attempts failed and all major indexes suffered steep losses not seen since the last bear market of 2001. The S&P; lost some $700 billion in market value and, I hate to say …