| THE
NO LOAD MUTUAL FUND/ETF TRACKER
Update for Friday, November 27, 2009
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INTERESTED IN MORE “HOW TO” INVESTMENT INFO PLUS MY NOT ALWAYS POLITICALLY CORRECT RUMINATIONS ABOUT THE MARKET?
I have set up a blog to share my market analysis & insights -- and to sometimes blow off steam when something stupid (or brilliant) catches my eye. You can post comments and voice your opinion uncensored. Take a look:
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This week's hot topics are:
1. "Will The Real Trend Line Please Stand Up?"
2. "Learning From Past Mistakes"
3. "A Shrinking (Fund) Universe"
4. "Trend Tracking And Dollar Cost Averaging (DCA)"
5. "Sunday Musings: Difficult People"
6. "An Overvalued Market"
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THE LINK TO OUR CURRENT MUTUAL FUND/ETF STATSHEET is:
http://www.successful-investment.com/StatSheet/SS112509.htm
This StatSheet is updated through Wednesday, November 25, 2009.
The next scheduled update will be Thursday, December 3, 2009.
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Friday, November 27, 2009
FEAR STRIKES
Fear struck investors and traders alike around the world yesterday when Dubai World asked for a standstill agreement (translation: no payments) until $60 billion of debt could be restructured. Stock markets around the world dropped sharply as fears of a potential debt default moved to the front burner.
Wall Street was closed for the Thanksgiving Holiday and did not feel the impact until this morning. The markets opened about 2% lower but clawed their way back during this shortened session as it became clear that U.S. banks are less exposed to Dubai than their European and Asian counterparts.
For the entire week, the major indexes closed pretty much unchanged. With the majority of Wall Street traders returning on Monday, it remains to be seen if the Dubai story will be contained or if there is more fallout to come. In the meantime, all eyes were on Black Friday to see if preliminary retail sales numbers were in line with expectations. Actual results will not be known until the data is released.
Our Trend Tracking Indexes (TTIs) followed general market direction and have moved above their respective trend lines by the following percentages:
Domestic TTI: +8.35%
International TTI: +11.14%
Hedge TTI: +1.82%
Third quarter GDP was revised down to 2.8% from 3.5% confirming that the economic recovery is delicate at best. Next week, we'll be facing a barrage of economic reports ending with the unemployment rate next Friday.
Today's sell off did not affect any of our invested positions, and I will continue to closely track our sell stops and act when it becomes necessary.
Have a good week.
Ulli...
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Ulli G. Niemann
Registered Investment Advisor
714.841.5804 Toll free: 866.580.6764
http://www.successful-investment.com
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