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Stock market indices have run up in a hurry in 2010, delivering double digit growth. Just yesterday, the S&P 500 came up to 1286 which is near my target of major resistance at 1300. It could turn down abruptly from here or overreach at 1320 by end January but one thing is certain, there is limited upside in the short term.
There are several types of individual retirement accounts (IRAs) available to aid in retirement savings. Of the close to a dozen different types of IRAs, there are two that are very popular among savers. Both offer unique benefits and each can be a great tool in saving for retirement. Here we take a closer look at the traditional IRA and the Roth IRA.
Debt has become a severe issue in America and people are looking for ways to come out from its trap. The easiest way they find to eliminate their existing debt is by filing bankruptcy. T
The past month has been kind to the stock market as investors hoped on to a nice lift after the World Cup distraction. August will present a tense period though in terms of market movement …
Not surprisingly, "Sell in May and go away" strikes a chord with many investors. The cliche does not always apply but it is a good rule of thumb. Historically, stock investing during the period from May-November is fraught with danger or at best rewarded with meager returns.
Given that the tiger is a ferocious animal, this year is generally not good for risky ventures. To succeed in investing, we will need the traits of a tiger - courage, stealth and strength.
It bears remembering that the stock market is forward looking (about 6 months), so if you expect interest rate hikes in the later half of half of 2010, keep a close eye on the exit door when summer comes around.
In view of the challenging times ahead, I believe the stock market is too optimistic with its valuations of 15-25 times earnings. Stocks have rallied aggressively since March. Most of them are trading above their 200-day moving average and with no sign of slowing down. In this kind of bullish environment, fundamental analysis seems really foolish. A monkey, with no baggge of …
It is a matter of time before we experience another major recession because the key lessons from this financial crisis were forgotten easily and people are back to their greedy speculative ways. But the next time round, the Federal Reserve may find its hands tied, with very few options available.
The better than expected US jobs data is likely to reinforce the view that the economy is stabilizing after a generational financial crisis. Some economists have even suggested that the economy will rebound strongly in the third quarter, with a surge in vehicle production. However, any fledging recovery could still be threatened by strong economic headwinds.
The key is not to be overexposed to the stock market and stay nimble as the opportunities that present themselves may not follow traditional recovery patterns. Stocks could be depressed further or languish for years, so if you see the need to take profits off the table, then just do it.
Ben Bernanke is indeed a man of his words. He not only stepped into a helicopter to drop money, he virtually flew a B-52 bomber and carpet bombed the skittish financial system with a trillion dollar payload.
I will think twice about selling gold though. Not because UBS made a bold prediction of gold prices hitting $2500. Such a frothy forecast combined with knowledge of inflation can get one extremely excited about gold's prospects. However, I am not salivating over any profits. Instead, my faith in gold stems from the fact that it is a safe haven asset.
The bears have laid their trap and are partying hard. Any upswing in the stock market now is what the experts termed sucker's rally, where any gains are short-lived but enough to lure investors while stocks continue to test new lows.
The Oracle not only failed to outperform the market. In fact, 2008 was the worst year for 44-year performance of Berkshire’s book value and the S&P 500 index. The decrease in Berkshir …
Let's go back to the basics of wealth building. There are essentially two ways to increase our cash. One way is to earn more money through investments, entrepreneurship or taking on another sideline job - seemingly futile exercises in this economic climate. Alternatively, we can cut costs by being frugal. In fact, saving money has now become a top financial priority among my …
A lot of economic data are gloomy and suggests bitter months ahead but the recent stock rally defies logic. Long term trend is still bearish. To temper the exuberance, look at this 8 scary predictions - Dow 4,000, food shortages, a bubble in Treasury notes, etc.
Over $7 trillion dollars have been made available by the US government to rescue the financial sector and the economy. That’s about $23,000 for every American, and more than half of US GDP …
very day we open up the newspapers, we are hit by depressing news - what with retrenchments (DBS axes 900, NOL ships out 1000, Citigroup eliminates 52000 worldwide, etc) and pay cuts (Temasek staff and Cabinet ministers). Taken together, the "contributions" from DBS and NOL are close to surpassing the retrenchment figures for third quarter.
It is one way traffic: Dow Jones plunged below 8000, a first since 2003. There was a bear rally on Tuesday but it is a folly to be tempted by profits in all these technical rebounds. For those who are drawn in and end up selling in a panic, you risk doubling your losses.
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