Sure, leave it up to the government to come up with a questionable plan to solve part of the Subprime crisis by proposing a temporary freeze on scheduled interest rate increases for certain home owners. Michael Shedlock’s article “Temporary Mortgage Freeze Is Doomed” sheds some light on the plan and its implications. Affected will be certain borrowers who had chosen …
No Load Fund/ETF Tracker updated through 11/29/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpDespite a sluggish start, the bulls took over and pulled the major indexes out of their doldrums. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved to +5.40% above its long-term trend line (red) as the chart below shows: The international index slipped -0.07% below its own trend line, keeping …
Is The Bull Back?
Yesterday’s follow through rally brought the question back to front burner as to whether the recent down trend has run its course, and happy days are here again. From my vantage point, it’s too early to tell. Fundamentally, nothing has changed in the past couple of days, other than that Fed talk was interpreted as a confirmation of an easing …
ETF Master List – Mid-Week Update As Of 11/27/2007
Yesterday’s market rebound was a welcome reprieve from Monday’s drubbing. Actually, only one event caused the financials to come back from abyss and that was Citibank’s announcement that it had received an outside capital infusion of $7.5 billion. After much negative news from the Subprime/credit crisis over the past few weeks, this was all the markets needed to stage a …
Does America Need A Recession?
While I don’t agree with Paul Farrell’s view very often, he did write an interesting article called “17 reasons America needs a recession.” In case you missed it, it’s a worthwhile read, and he addresses some of the at times hidden benefits a recession has to offer. While I am not in the prediction business, my indicators clearly show that …
The Melting U.S. Economy
MarketWatch’s Dr. Irwin Kellner elaborated on the U.S. economy in a piece titled “Rough patch or briar patch?” His theme is that the economy is reeling from a one-two punch of plunging real estate values and a full blown credit crunch that might not be resolved with additional rate cuts. To me, his assessment is right on and it would …