I received several e-mails from readers who are “angry” with the market direction or at least their interpretation of it. When the domestic Trend Tracking Index (TTI) moved closer to the lower end of the neutral zone a few weeks ago, some investors apparently ended up being a little premature as they initiated substantial short positions. Some committed up to …
Not A Bad Place To Be
Reader Brad pointed to an article titled “U.S. vs. Global Markets: Pain is Where You Feel It.” Here is an excerpt: For months now, the entire media and the financial blogsphere has been talking about how dismal the U.S. financial markets have been. There is a tendency to believe that we are at the center of the world and that …
Sunday Musings: The American Dream On Steroids
I like American success stories. You realize that there is simply no place like the U.S. when you read some of Lee Iacocca’s books or others detailing how a dishwasher made it up the food chain all the way to company president. Entrepreneurial spirit along with boundless opportunities makes the Unites States a unique country to live and work in. …
Bailing Out More Money Market Funds
Bloomberg reported “Lehman Says It Bailed Out Money Market, Cash Funds.” (sorry, I misplaced the link) Here are some highlights: Lehman Brothers Holdings Inc. bailed out five of its short-term debt funds, joining a growing list of securities firms and asset managers that have propped up investment vehicles crippled by frozen credit markets. Lehman took $1.8 billion of assets from …
No Load Fund/ETF Tracker updated through 4/10/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpGeneral Electric’s report card pulled the rug out from the market today. All major indexes lost for the week. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved now +0.19% above its long-term trend line (red), which means we are close to slipping back to the middle of the neutral …
Following The Trends
Reader Mr. G had this to say about my post from last Tuesday:Ulli: Yesterday you wrote, “Other asset classes have rallied strongly above their respective trend lines issuing a buy of their own. Today, we added a small holding in Latin America and in an Intermediate-term bond ETF.” This seems in conflict with your advice to follow the TTIs before …