So much for Friday’s feel good rally. There was absolutely no upside follow through on Monday, and the major averages headed straight down with an occasional uptick (see chart; courtesy of marketwatch.com). While the government report on personal income and spending was in line with estimates, there had been hope for a surprise to the upside.

Invest using a business-like approach Tags: Capital Dynamics | invest | Tan Teng Boo Written by Surin Murugiah Monday, 16 August 2010 11:31 KUALA LUMPUR: People who intend to invest in the equity markets must use a business-like approach to derive the best returns from their investments. “Investors should invest in shares using the same process that they would apply if they were to buy the entire business,” said Capital Dynamics managing director Tan Teng Boo. “They should buy or sell based on valuations.” Citing Benjamin Graham, the founder of the value investing theory, Tan said investing was most intelligent when it was business-like

Despite worse than expected new-home sales and industrial production numbers, the markets managed a rebound yesterday by reversing an early 100 point drop of the Dow. The gains were modest, but at least it was an up day. Today could prove to be another difficult one as the weekly report on jobless claims is on the agenda

MarketRiders features an interesting online mutual fund cost calculator . It allows you to input sever ticker symbols as well as the amount invested. The program then returns the yearly loss from mutual fund fees, which is a sobering number if you look at it over 20 years

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