Jon Markman wrote an excellent article about “The big threat of muni debt.” In a previous post, I mentioned that the credit crisis can very easily spread to the muni market by various means, but most likely through a downgrade of some of the large bond insurers. What could be the effect on municipal bonds? Here are some highlights from …
No Load Fund/ETF Tracker updated through 2/7/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpA poor non-manufacturing index report along with continued worries about the financial health of bond insurers had the bears chomping at the bit. The major indexes dropped sharply. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved to -0.84% below its long-term trend line (red), back into bearish territory. The international …
Revisiting Old Times
MarketWatch featured a piece with the subtitle “Are we revisiting 1998? Or 2001?” That is certainly a valid question given how the markets have been meandering from bullish to bearish territory, at least according to my Trend Tracking Indexes (TTIs). Here are some highlights: There’s a sense of déjà vu in the market these days. The question we need to …
From Expansion To Contraction
When talking of trends in the market, you hear me reference my Trend Tracking Indexes (TTIs) every week. The reason is that they provide me with an unbiased view as to whether we are in bull market territory or have slipped below the trend line into bear territory. Yesterday’s ISM report that its non-manufacturing index fell to a reading of …
Recession and Bear Market Viewpoints
Seeking Alpha had an interesting viewpoint titled “No Time For Complacency: This is a Bear Market.” While you may not agree, it’s a good read and it brings up ideas and thoughts, some of which I have discussed before. Here’s an excerpt: This article is a follow-up to an article from two weeks ago that I wrote because I felt …
A Great February?
Random Roger had an interesting tongue-in-cheek post called “The Best February Ever.” Here are some highlights: If we can average 1% per day for the month, like we are starting out we’ll have the best February ever. The futures obviously got a huge boost from MSFT buying YHOO. It seems to me I sold Yahoo into a rumor about this …