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Last night’s 500 point drop in the DOW brings back memories of 2008. Prices slicing decisively through the 200 day MA of the SPX on Tuesday, Aug 2 already sent shivers down the spine of technical analysts everywhere. Yesterday’s 60 point plunge confirmed a break of the 27 month uptrend line and neckline of the [...]
It is good to see a growing interest in bonds among Australian investors. I noticed my post on Term deposits vs treasury bonds is frequently among the top ten most popular posts on this blog, so I thought it might be time to write another post about bonds. While the stock market and the RBA [...]
I first looked at VectorVest in December last year but did not have time to check it out properly as I was busy with the Christmas holidays and studying for my Diploma of Financial Planning. I decided to take another look at it again recently because it was highly recommended by the author of “Buy [...]
As the 2011 financial year draws to a close, it is time to take stock of what has happened in the first half of the year and think about what could be in store for the rest of the year. As I look back at what I wrote in January, the mood then was bullish [...]
On May 10, 2010, the IMF/EU announced their “shock and awe” €750bn bailout package for Greece and other troubled European countries. This bailout was equivalent to allowing Greece to do a credit card “balance transfer” to a lender who was prepared to give them a special rate on existing debt. It did not solve Greece’s [...]
Firstly, thank you to all readers who wrote in to wish my parents well after reading my rather depressing blog post which I wrote on March 19. I am glad to report that my parents are in much better shape by the time I left on April 16. During my six weeks with them, I [...]
Things are slowly settling down in my parent’s household and I finally have some time to catch up on my reading. I just finished the book “The Big Short: Inside the Doomsday Machine” by Michael Lewis which was on the New York Times non-fiction bestseller list for 28 weeks last year. Michael Lewis is a [...]
Wow, what an eventful week we have had since last Friday when Japan was struck with a massive earthquake and tsunami, killing over 10,000 people. Just when we thought the worst was over, we heard about the problems with the nuclear reactors and now the bigger problem is with nuclear radiation. We still do not [...]
In 2009, there was a lot of debate on whether or inflation or deflation was what we needed to worry about in future. I wrote some of my thoughts about it in a few blog posts starting with Inflation or Deflation in September 2009. Today, 18 months later, the answer to the question seems to [...]
I received a few emails in response to my last post on life insurance and we had a few lively discussions at home as well. Firstly, I need to provide more clarification on the insurance commissions mentioned in the post. A reader who seems quite knowledgeable about the insurance industry explained that there are a [...]