After 17 years, Dot Com buy and hold investors are finally back to even. Fantastic!!! (note the sarcasm). Pictures are worth a 1000 words. SPDRs Select Sector Technology ETF (XLK) monthly Look at the picture (chart) and then go back and either: 1. Put your head back in the sand. or 2. Learn a better way to invest...http://smartchartinvestor.com/checkout Avoid heavy losses, and maximize profits. Our losses are small and are gains are big. For a limited time, get in at … [Read more...]
Someone is plagiarizing my work
I think this guy just copied the article I wrote 4 years ago. His...https://www.edelsoninstitute.com/geopolitical-investment-cycles/soaring-underfunded-pension-liabilities-spell-trouble-ahead/?sc=WAV-E Mine...https://smartchartinvestor.com/demise-of-the-pension/ I'm not sure how this can end well. Trade Smart, Don … [Read more...]
Don’t Fall in Love With Your Opinion
I read a lot of investment articles, blogs and newsletters just to see what others are thinking. I read one today by a pretty well known guy that mostly does angel investing; early stage start up capital. He is very involved in the public investment community as well. He said he has gotten killed this year with his investments in LULU, Lululemon Athletica Inc, and UA, Under Armour Inc. He explains his investment thesis in these "fashology" companies with a lot of fundamental conviction … [Read more...]
250% Bull Market
This bull is eight years old today returning over 250% from the bottom. The Dow, S&P 500 index, Nasdaq and Russell 2000 continue to make new highs. Dow Jones Industrial Average ETF (DIA) weekly S&P 500 Index ETF (SPY) weekly Nasdaq (QQQ) weekly Russell 2000 Index Fund ETF (IWM) weekly Prices do feel lofty at these levels but these indexes are only up about 10% in the past two years and most of that gain just occurred in the past four months. So, no … [Read more...]
Stock Market Pundits, Analysts and Prognosticators…”You’re Fired”!
They sure all got it wrong again. What 5%-10% correction in the days following a Trump victory? What a bunch of morons. When will they learn that it is IMPOSSIBLE to predict the market. I prefer evidence based investing. This is what I know to be true... There are inflection points in price action that can be taken advantage of. These inflection points can virtually pinpoint turning points in price like the bottom in 2003 and the bottom in 2009. These inflection points can also be … [Read more...]