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Hi guys,
The barometer as of market close Thursday maintains its reading of 180 indicating that the S&P 500 Index is extremely oversold. I am also detecting that a bottom is forming as three of the data feeds and influences that the barometer …
@Derf: In short words, I reduced cash by 1% and raised my equity allocation by 1% in the growth & income area of my portfolio through recent buying activity.
By the way ... the barometer is back to a reading of 180+.
With this, I've still have…
Hi @Crash, Thanks for making comment and for your question.
A higher barometer reading indicates that there is more investment value in the Index over a lower reading. Thus, there is more investment value in the Index (by the barometer's metrics) …
In checking the feeds on the barometer this evening, from today's market activity, the barometer scores the Index with a reading of 175 indicating that the Index is extremely oversold. I did a little buying today and I spent a sum equal to 1% of my…
Old_Skeet continues to buy in the growth & income area of my portfolio. With this I reduced the cash area by about 1% and raised G&I by 1%. I've decided to temporairly move my asset allocation to 15% cash, 40% income and 45% equity in hope…
Hi guys, Old_Skeet is thinking of reducing my cash allocation area from 20% to 15% and raise my income area from 40% to 42% and my equity area from 40% to 43%. Seems muni's have taken a beating of late and I'll buy a little there plus continue to b…
The barometer will be moving to the other investment category from off topic. So, in the future start looking for it in the other investment category going forward.
Yesterday, Old_Skeet just watched. I'm thinking of buying should the Index reach …
Old_Skeet pondered today ... No buys ... Just watched. Tomorrow ... if the market stays down I'll probally buy again in my equity income sleeve. In addition, some of my fixed income funds are now starting to look attractive as it seems forced sell…
Hi @Derf: Thanks for your question. I use the Elder Input System to track buy and sell activity. A red line indicates that sellers controlled the market. A green line indicates that the buyers were in control. And, a blue line indicates both wer…
@Crash: Thanks for making comment.
The two equity dividend paying funds that I have been buying (during the market swoon) are IDIVX with a yield of 4.0% and INUTX with a yield of 3.2%. And, yes they have been hit hard during this stock market s…
As of market close March 13th, according to the metrics of Old_Skeet's stock market barometer, the S&P 500 Index remains extremely oversold with a reading of 175. This is on the high side of the barometer's scale. A higher barometer reading ind…
Old_Skeet has also been a buyer of equities during this stock market sell-off. I have bought at the 8%, 13%, 19% & 27% decline marks keeping my equity allocation on bubble within my portfolio's overall asset allocation.
@hank, The roads in the Queen City leave a lot to be desired. That is what I still drive my 2006 Jeep Commander and our late model car usually stays parked. When I was in Panama during the month of February we rode in and I drove a Toyota Rush. …
Hi @Crash, Thanks for making comment and I am happy to learn that you find interest in my barometer postings. Some words of caution. I'm thinking that the markets are far from stabilizing. My father taught me not to invest money that I might nee…
Hi @hank, Thanks for making comment. Actually, the barometer has done it's job for me quite well through the years. Currently, it is suggesting that I go long and increase my equity allocation up to 60% equity. However, I plan to hold my equity …
Hi guys ... Old_Skeet's stock market barometer reading remains "pegged" on the high side with a reading of 180 indicating that the markets are extremely oversold based upon the metrics of the barometer. I'm thinking that many investors are having t…
Hi guys ... Not much has changed with the barometer reading as it remains "pegged" on the high side at 180. Reviewing my shoppling list ... and, I still like equity income over fixed income. However, before I buy again I'm thinking the S&P 50…
Hi @Starchild,
I'm thinking that it has become crunch time for many investors that are on leverage as they are having to sell the good stuff (bonds, gold, etc.) to meet margin calls. And, perhaps there is a rotation now taking place with some tha…
In tabulating my portfolio's asset allocation yesterday evening I noticed that my income funds were down while my equity funds were up. What's this saying? For me, it means some investors are having to sell bonds to cover their margin calls and/or…
Old_Skeet bought today and spent down a little bit of his cash (a sum equal to about one percent of his portfolio's value) and added to positions in my equity income sleeve. This puts me back to my neutral asset allocation in equities.
As the weak…
Hello. I thought I'd provide an update on the barometer with today's historical market selloff where the S&P 500 Index declined by 225 points moving from a Friday's closing number of 2972 to Monday's closing number of 2747 resulting in about a …
Currently, the three cash like funds that Old_Skeet uses are AMAXX, PCOXX and TTOXX which are all money market mutal funds plus I have a CD Ladder. Then I move into my fixed income funds with my three best performing thus far this year are FLAAX, J…
Hi @johnN, Thanks for your question. And, @Crash here is another update. Your comments are always appreciated.
John, for me, I bought when the Index was down 8% (pullback range) and again at minus 13% (correction range). My next buy will be mad…
Thanks @Catch ... you are correct. I'll note the change. MarketWatch and the WSJ have it listed at 0.767%. I'm sure some other sources will list it differently. I remember CNBC stating, last evening, that it was 0.73%. I just plain old goofed.…
Hi @Anna,
I waited until Monday to make comment about the PPT (Plundge Protection Team) that you referenced in your recent comment. It seems, for me, with the availability of easy and cheap money the markets were quite leaveraged. And, since a …
Hi Guys,
I have always enjoyed reading Dr. Madell's newsletter as he writes good down to eath thinking. I especially enjoyed reading about his suggested 25/25/50 asset allocation portfolio that he used in this months newsletter to compute portfol…
Earlier in the week I added to a couple of my good dividend paying equity funds when the S&P 500 was down -8% (Wednesday) and then again at -12% (Friday).
Based upon recent stock and bond market movements ... I ponder ... should I continue to…
As of market close Friday February 28th, according to the metrics of Old_Skeet's stock market barometer, the S&P 500 Index is now extremely oversold with a reading of 175. This is up 38 points from last weeks close of 137 where the Index was con…
Hi @Puddnhead: VWINX is performing well and is down only about 3.4% off its 52 week high. And, its five year total return has averaged about six per cent per year. However, it's yield is a little low for my taste at about 2.8%. But, its total ret…
With Thursday's 137 point decline in the S&P 500 Index I thought I'd make another daily post. A good bit has changed in the barometer's reading as it moved from a reading of 158 to 170 indicating that the Index is now extremely oversold. Remem…
Hi @Derf: In answer to your question. This was not a required threshold rebalance. The yield in these subject funds purchased looked (and still look attractive) as comparied to some fixed income bond yields. My barometer had reached the 158 readi…
@johnN. In answer to your above question. Since, I hold mostly A share mutual funds some readers think that I'm a plant by some fund companies to promote A share funds. This is not so. I've been an investor since age 12 (1960) and I started with…
Old_Skeet did a little equity buying today in a couple of good dividend paying funds with yields north of 3%. In comparison, I have the US10YrT closing with a yield of only 1.33%. I'm now leaning more towards equity than I am fixed.
Old_Skeet did a little equity buying today in a couple of good dividend paying funds with yields north of 3%. In comparison, I have the US10YrT closing with a yield of only 1.33% as I write. I'm now leaning more towards equity income more so than …
With the S&P 500 Index is approaching what I feel is good support (3,100 to 3,000) range I did a little equity buying (around the edges) today in a couple of my good dividend paying equity mutual funds that have yields of better than 3%. In com…
With today's market decline in the S&P 500 Index, with a 12 point drop, I thought I make another post. Not much changed in the barometer reading which moved from 156 to 158 and remains in the undervalue range on the barometer's scale. One of t…
