| stablevalue.com a blog on stock market and things of interest |
Posted by btr Wed, 05 Jan 2005 21:10:22 GMT
Well, New Year has not brought much upside. Instead, it has wiped out last month’s gain! I opened a position in PMCGX in 401k account as it’s in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
Posted by btr Thu, 25 Nov 2004 16:23:17 GMT
JANSX continued to move up after a little dip. I actually closed my JANSX position (+6.13%) at that dip as I thought that it had reversed and didn't want to wait for another confirmation. It has a major resistence at 24.
PMCGX is at 52-week high right now. I closed it at the same time when I closed JANSX. Bad move! The next resistence is at 25.
As we approach the 2004 year end, my current 401(k) has 75% in a stable value fund (earning a little over 4%) and 25% in international funds with exposure to Europe and Asia Pacific. I have always maintained at least 25% cash in this account. The overall return is YTD 9.6%, compared to JANSX 1.75%, PMCGX 14.13%, TEMFX 13.18%, AEPGX 14.43%, S&P 500 about 6%, QQQ about 8%, RUT about 14% and INDU about 1%.
The indices finally began to show some signs of life last week with a firm break of the October downtrend. While I have been increasingly bullish on this market, I did not expect the market to rally with such force as it did on Tuesday ahead of the GDP number, the Fed decision and [...] more
Here a graph which shows some not so surprising news, the current market is the most volatile the U.S. market has been over the last 80 years (based on the S&P 500). The volatility last month makes the 1987 crash look like nothing. There are a lot more interesting stats in the article that a more
Still looking for a last-minute Halloween costume to scare those trick-or-treaters knocking on your door? Just put on a suit and tie and start bashing bank stocks. Eek! A short seller!
more
THE SHOW: Are we having fun yet? Me neither. My old pal Deep Blue keeps writing me about various stocks and such that might have upside, but then acknowledges it's hard to imagine much of anything working this year. Except cash, and you better hope that's real cash and not some sort of 'cash equival more
When I started automated trading a few months ago, I jumped head first into backtesting with the thought that it was essential to automated trading. While there’s no doubt that automated trading and backtesting go hand in hand, what I’ve discovered over time is that learning what makes more
Hong Kong shares led Asia Pacific markets higher on Monday by rising as much as 5.6 per cent early in the morning session, making a good start to the trading month after October's big losses across the region more
Now David Rosenberg, a well-respected economist at Merrill Lynch, thinks the current Fed chairman, Ben Bernanke, may introduce a “Bernanke put”, this time for the bond market. The topic arises because of the Fed’s recent cut in interest rates to 1%, posing the question of what the more
It's time to celebrate Halloween by revealing this year's Spooky Stocks - i.e. the stocks most likely to scare investors and blow away their returns. Before we do so, let's first take a look at the performance of previous spooky... more
We need a leader who understands the importance of investment in ideas and technology for our future, writes Eric Schmidt more
As we go to press, Asian markets are extending gains from last week. Sex, Religion and … Politics All eyes are on Tuesday’s election. What I find most interesting are the poll numbers juxtaposed to world opinion. With most of the planet pulling for regime change (in Britain and even more
LONDON (MarketWatch) -- The British are nothing if not insouciant at times of crisis. Bank of England Governor Mervyn King opened a recent rather severe speech on the economic unrest with a gentle anecdote about schoolboy cricket. David Blanchflower, the most bearish of the central bank's monetary p more
Will stocks rally with a new face in the White House? History offers no clear lessons, but that doesn't stop investors from looking for signs in Tuesday's vote. more