As you know from my recent posts and updates, we are still holding a small position (10% of portfolio value) in gold. With the financial markets mired in uncertainty, is there more upside potential for the metal or will the Fed’s easing eventually create a gold bubble? Lance Lewis of Minyanville had this to say: With the equity market now …
Who Is The biggest Subprime Investor?
Ever since the Subprime crises started, I’ve been curious as to whether there was one entity or institution that had the biggest exposure to Subprime slime. I found the answer as I was reading Bloomberg’s article “SEC to Rework Rules After Funds Struggled with Subprime Prices.” A couple paragraphs caught my attention: “Within the $12.1 trillion U.S. mutual-fund industry, the …
Sucker Punched?
This weekend, I was reflecting on some of the wild events of last week, including a rogue trader’s loss of some $7 billion of France’s number 2 bank (Société Générale), and the Fed’s once-in-a-lifetime 75 bp interest rate cut. As we now know, last Monday, while the U.S. markets were closed, Société Générale, unwound their massive market positions before going …
Sunday Musings: The Blame Game
As you know from my writings, I am certainly not in favor of some of the strong-arm tactics or empty promises that are used by certain brokerage firms to land new business at all costs. However, I also believe that there should be some responsibility on the part of the party agreeing to any deal. After all, we are not …
Straight Talk
My preference for reading market and economic opinions is to mainly focus on those that say it as it is, even if it may offend some readers. Political correctness is not something I agree with as any dialog based on that premise is not a true exchange of ideas and opinions. With this past week having been highlighted by a …
No Load Fund/ETF Tracker updated through 1/24/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpWild swings in world markets caused the Fed to implement a 75 basis points surprise cut in interest rates. Some price stabilization resulted but the major trend is still down. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved to -0.61% below its long-term trend line (red), and therefore into bear …