This past week’s and year-to-date market activity was enough to cause major frustrations among investors and advisors alike. According to my Trend Tracking Indicators (TTIs), we’re now officially in bear market territory. However, markets can change and, as we’ve seen in the recent past, whipsaws can occur at anytime just about when you thought you had the trend figured out. …
No Load Fund/ETF Tracker updated through 1/17/2008
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpNeither speeches nor promises of an economic stimulus package were able to prevent the bears from relentlessly pushing the markets lower. Our Trend Tracking Index (TTI) for domestic funds/ETFs moved to -0.54% below its long-term trend line (red), and therefore into bear territory, as the chart below shows: The international index …
Trend Tracking Index (TTI) Slips Into Bear Market Territory
First, David Gaffen of the WSJ MarketBeat had this to say about today’s market activity: Where to start? Today’s market conjures nothing more than the image of a man retching in an alleyway, and there really can’t be too many other ways to characterize the session when the strongest performer among major indexes falls by 2%. The culprits are long …
Subprime Twist: Exception Loans
The NYT reported recently that New York prosecutors are investigating whether Wall Street banks withheld information about the risks stemming from subprime loan-linked investments:Citing people with knowledge of the matter, the newspaper said the inquiry, begun last summer by state Attorney General Andrew Cuomo, was focusing on how banks bundled billions of dollars of exception loans and other subprime debt …
Market Thoughts
With some of the largest troubled financial companies (Citibank, Merrill Lynch) hunting the world for investment dollars, you’re probably wondering what terms they need to offer to get someone to come aboard and part with many billions. Apparently, learning from BofAs ill-timed original investment in Countrywide, the rules of the game seem to have changed. Mish Shedlock at Economic Trend …
Out Of Bubbles
Yesterday’s market rebound had the bullish crowd finally doing some chest pounding after the downturn of the past 2 weeks. Does this mark a turn in the market place or will the bulls remains in hibernation? Bill Fleckenstein had this to say in his article titled “We’ve run out of bubbles:” I’ll begin the New Year with this comment: There …
