Among the daily news barrage about the Subprime/credit crisis, high oil prices and the ever worsening real estate down-turn, a little noticed item with potentially grave implications surfaced a week or so ago. I had originally heard about it a few months ago when a friend of mine, who works for GE (General Electric), mentioned that some of his clients …
The Ratings Game
Despite Wall Street’s peculiarities and never ending scandals, there always seemed to have been some information available which you presumably could rely on and which served as a resource with integrity. Well, that seems to have changed now too due to the current credit crisis. Michael Shedlock’s article “Any Credibility Left At Fitch,” sheds some light on (credit rating service) …
No Load Fund/ETF Tracker updated through 11/22/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe bears were in control this week feeding the bulls some cold turkey for Thanksgiving. Our Trend Tracking Index (TTI) for domestic funds/ETFs has moved to +4.06% above its long-term trend line (red) as the chart below shows: The international index slipped -2.03% below its own trend line, keeping us in …
Dow Theory Signals A Sell
Happy Thanksgiving! This week’s downside market action will make many investors feel like they are chomping on a cold turkey for Thanksgiving. The culprits have been the same and diversification, as so many times during recent corrections, hasn’t meant a thing. As I have repeatedly written, markets are so intertwined that the only true safe play will be on the …
Could This Credit Crisis Have Been Avoided?
With the benefit of hindsight, you may find some stories in the media analyzing how the current Subprime debacle and subsequent credit crisis started and the ever lingering question if it could have been avoided in the first place. While the final results cant be tabulated yet, it turns out that Wall Street may have been its own worst enemy, …
ETF Investing: Skating On Thin Ice
I have been elaborating on the need for methodical investing almost on a non-stop basis. Sometimes it seems that, when reading media stories, that I am the lone ranger. Many of my newsletter readers are aware of that and at times submit stories that support the fact that there are others who have similar viewpoints by trying to make sense …