A couple of days ago, I posted about the obvious as to who eventfully will have to foot the bill if the Fed’s guarantee of JP Morgan’s purchase of Bear Stearns’ assets should prove to be a losing proposition. MarketWatch featured a follow up story about the Fed’s partnership with JP Morgan. Here are some highlights: The Federal Reserve has …
No Load Fund/ETF Tracker updated through 3/27/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpAimless meandering would describe this week’s market activity with 2 of 3 of the major indexes ending up lower. Our Trend Tracking Index (TTI) for domestic funds/ETFs remains now -0.73% below its long-term trend line (red), which means we are in bear market territory. The international index dropped to -7.02% below …
Who Is Liable For Fed Rescue?
Ever since the Fed provided an assist in bailing out Bear Stearns, I’ve been wondering who might be really on the hook if things go bad. The Fed in essence guaranteed some $30 billion of Bear Stearns’ questionable assets in order to persuade JP Morgan that this purchase was the right thing to do. Bloomberg reports as follows: Even as …
Confusion
OK, here are the latest headlines from yesterday: 1. Consumers’ confidence plunged to a 5-year low on worries over rising inflation and fewer jobs 2. Prices of existing single family homes dropped 11% in January from the same month in 2007 3. Consumer expectations for the future were at a 34-year low You’d think that with news like that, the …
Show Me The Trend
As was widely expected, there was some follow through buying yesterday as a result of last week’s rebound and the major indexes moved higher. One reader had this to say in regards to my post last Sunday titled “Controlling The Urge:” The market these days seems like the patient on the table alternating between irregular heartbeat and flat line. Helicopter …
No Time Like The Present
MarketWatch featured an article titled “No time like the present,” presenting the usual but questionable advice about investing. Let’s take a look: While trading in and out of funds is frequently a recipe for disaster, there are moves that investors can make to improve their confidence and portfolio without blowing up the long-term returns that they supposedly surrender by giving …