So the worst, first week for any year in the stock market, became the worst, first two weeks for any year in the stock market.
Last week 37% of the Nasdaq stocks were above their 50 day average. This week the number is 29%. I am suprised the market did hot have a big week this week. My guess is that it is bound to have some great up days soon, before the decline continues. The only investments I own, other than money market funds, are a few shares of stock in the companies I work for as part of an employee stock purchase plan.
Has the US lied to you lately? Last week the US Bureau Labor Statistics announced the US gained 292k jobs in Decmember. Yet if you read the statistics in detail the increase was only 11k jobs. The other 281k jobs were a “seasonal adjustment”. About the same ratio was true for the November Jobs report also. Liers, damn liers, and staticians. Economic number watchers frequently complain about the unreliability of statistics from China, perhaps they should look at the US also. Maybe the US economy is not as good as the government claims.
If you have ~50 minutes, James Dale Davidson has a presentation where he tells you how bad things are and then tries to sell you is “Strategic Investment” newsletter. The facts he presents are true and scary. The conclusion may or may not be correct. The conclusions he presents are not positive. All in all an interesting sales pitch.
IBD TBP’s Market Pulse is “Market in correction” as of 12/29/15 – Not a time to invest.
Municipal Income and GovernmentCashReserves are the first and second fund on my list of best funds. They are also the only two funds which do not have a negative precent deviation. This is the first time in years that no other stock or bond funds had a positive precent deviation. I’m sure it also happened in 2008 and 2000.
My current investments:
IRA#1 and IRA#2
GovernmentCashReserves
IRA#2
GovernmentCashReserves
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes:
IRA #1 – 00% invested
IRA #2 – 00% invested