Have you ever bought a good stock only to watch it drop? I sure have, but I learned that the key to increasing my winners is to buy great stocks that are rising in price, in a rising industry. Birds of a feather flock together! Not sure what that has to do with your profits? Continue Reading »
It’s here! The new VectorVest Mobile is now available for download! What’s new? MORE platforms, MORE countries and MORE subscription levels.
Yesterday, while the market was tanking, I was doing a group coaching session via webcast with our clients and here are some of the actual questions I pulled right from the chat box:
Passive income. Sounds nice, doesn’t it? Like you can just sit back in a sunny lounge chair while the money rolls in. That’s essentially what it is – an income stream that doesn’t require work. You may have even heard dividend income referred to as passive income.
5 Core Strategies Every Retiree Must Know, So You Never Run Out of Money & Have the Retirement You Want with Low Risk Thursday, Dec 4, 2014 4:30pm EST You’ll discover how to: Take control of your retirement Ensure your portfolio NEVER collapses again Generate consistent income so you never run out of money again Continue Reading »
The Efficient Market Theory states that it is impossible to “beat the market” because share prices always incorporate and reflect all relevant information as soon as it becomes available. Implicit in this theory is the condition that all market participants receive and act on all relevant information at the same time. Of course, this notion is silly and is not true.
The current bull market celebrated its fifth birthday earlier this week and brings up the question as to how long it will last. In order to answer this question, we would need to know when the next bear market begins. VectorVest did it in 2007. Can we do it again?
A bear market is defined as a 20% drop in a major index, e.g., DJIA or SPX, which lasts at least two months. The last bear market began on October 10, 2007 when the DJIA and SPX closed at bull market highs. The Price of VectorVest’s Market Index Composite closed at an all-time high of $31.44 on July 13, 2007; then it hit an intraday high of $31.84 on October 11, 2007. VectorVest issued a Confirmed Down (C/Dn) signal on November 1, 2007 and I wrote an essay on Contra ETFs on November 2, 2007.
The Major Indexes began the week modestly lower Monday as concerns over the global economy deepened following a weak trade report out of China and lukewarm growth in Japan. The Dow dipped 0.2%, while the S&P 500 lost a meager 0.05% and Nasdaq lost a slight 0.04%.
Stock prices got punished in the first session of the week as tensions between Russia and Ukraine escalated. The Dow faltered by 0.9%, while both the S&P 500 and the Nasdaq lost 0.7%.
Geopolitical unrest dissipated Tuesday after Russia pulled troops back from the Ukrainian border and investors celebrated by going on a buying spree sending the Major Indexes into record territory.
The Markit Services PMI Business Activity Index fell 3.4 points to 53.3 in February, marking the lowest level seen since October 2013.
The Markit Manufacturing PMI Index gained 3.4 points to 57.1 in February, marking the sharpest improvement since May 2010.