How we eluded the bear in 2000Written by Ulli G. Niemann
The date October 13, 2000 will forever be embedded in my mind. It was day after our mutual fund trend tracking indicator had broken its long-term trend line and I sold 100% of my clients’ invested positions (and my own) and moved proceeds to safety of money market accounts. Some people thought we were nuts, but I had come to trust numbers.The shake out in stock market, which started in April 2000, had all major indexes coming off their highs, violently followed by just as strong rally attempts. The roller coaster ride was so extreme that even usually slow moving mutual funds behaved as erratically as tech stocks. By October, markets had settled into a definable downtrend, at least according to my indicators. We sat safely on sidelines and watched unfolding of what is now considered to be one of worst bear markets in history. By April 2001 markets really had taken a dive, but Wall Street analysts, brokers and financial press continued to harp on great buying opportunity this presented. Buying on dips, dollar cost averaging and “V” type recovery were continuously hyped to unsuspecting public. By end of year, and after tragic events of 911, markets were even lower and people began to wake up to fact that investing rules of ‘90s were no longer applicable. Stories of investors having lost in excess of 50% of their portfolio value were norm. Why bring this up now? To illustrate point that I have continuously propounded throughout 90s; that a methodical, objective approach with clearly defined Buy and Sell signals is a “must” for any investor.
| | Short-Term or PayDay LoansWritten by Stanley T. Crawford
Please feel free to use this article for your newsletter, ezine, or web site, in its entirety including resource box. Please notify me of publication by sending a website link or a copy of your ezine when published mailto:cigllc@yahoo.com. Thank you!Short-Term or PayD ay Loans By Stanley T. Crawford Short-term loans, payday loans, and cash advances, these are often frowned upon by some people. Yet there is a large market for these loans. Most advice concerning these loans is not to obtain them, however fact remains that thousands of people obtain these loans every month. If they weren’t profitable, places like ACE, Cash America, and other businesses wouldn’t provide these loans. If they are such a disliked product then someone should step forward and help people who get these loans. The help cannot be purely to tell these individuals that they should seek credit counseling, but it has to consist of monetary help, as well. Most people who get these loans already know they need financial canceling, but they also know that their immediate situation needs to be addressed. Normally, this requires CASH.
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