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By admin, on June 16th, 2010%
Bill Gross announced this morning that PIMCO is moving into equities which is a huge shift in their history. He thinks European equities represent a good value right now on a company by company basis, but returns will still be small. He also still maintains that Treasuries are the “go-to ” safety play since at this time the . . . → Read More: Bill Gross in Stocks?
By admin, on June 12th, 2010%
The S&P 500 finished the week up over last week. It appears to be a short covering rally until sentiment can become more bullish. There simply aren’t any sellers out there right now. Given the drop in May prices need to at least stabilize before they head back down.
We should go test resistance of the 50 . . . → Read More: Market view for the week
By admin, on June 9th, 2010%
It appears the recent sell off in the market was a little to fast and is poised for a bounce. The S&P 500 has held support at 1050 and could see a 10% bounce back up to the 50 day moving average. This would form what appears to be the right shoulder of a . . . → Read More: S&P oversold and due for a rebound
By admin, on May 19th, 2010%
Don’t look now, but the S&P is rolling over as well as the other indexes. As you can see from the chart below, the S&P dropped below the 50 day MA last week and bounced off of the 200 day moving average and is testing it again. If we close below the 200 day MA there . . . → Read More: S&P is rolling over
By Don, on November 21st, 2009%
Lending Club has announced a No-Fee IRA that can be opened with them. You now can open a self directed IRA thru EntrustCANA that will allow you to invest that IRA in Lending Club notes and also will allow you to invest in many other types of investments also.
Lending Club has an average return of 9.67% . . . → Read More: Lending Club No-Fee IRA
By Don, on November 18th, 2009%
Well no one likes to be wrong, but it looks like I was when I called for a double top last week. The S&P 500 broke thru the 1100 level to close at 1109 and then held the 1100 level yesterday. This should give us another leg up until we run into resistance at about 1150 . . . → Read More: S&P 500 Breaks out
By admin, on November 9th, 2009%
Anyone who has money invested 401-K please re-balance your portfolio now. Please, for your peace of mind, remember where you were at 1 year ago. Take some profits and have some cash ready, because I believe that we are getting ready to top out.
Oh sure everyone is on board with the rally, but seriously is anyone . . . → Read More: Take some profits please
By admin, on November 8th, 2009%
Having heard about Lending Club on several other blogs I recently opened an account. I had previously had an account with Prosper.Com, however I had never funded it because at the time I opened it they would only allow funding from a bank account.
My reasons for choosing Lending Club was mostly that I could fund it . . . → Read More: Lending Club
By Don, on October 21st, 2009%
Don’t look now friends but the market staged a late day reversal in the face of very good earnings reports today. As evidenced in the article by Midnight Trader the market turned from up all day to a large drop in the last hour.
If you look at the chart, the S&P 500 is still in an . . . → Read More: Late day Market Reversal
By Don, on September 19th, 2009%
The greatest thing to those looking to increase wealth is the beauty of compounding. The Rule of 72 is a quick calculation to figure out how long it will take to double your money at a given rate of return, or allow you to figure out what rate of return you need to double your money . . . → Read More: My take on the rule of 72
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