Health is Wealth

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.

Two congresses, two directions — Tay Tian Yan AUG 17 — Over the last weekend, the MCA held the Chinese Economic Congress.

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

My latest No Load Fund/ETF Tracker has been posted at: http://www.successful-investment.com/newsletter-archive.php Weak economic news handed the bears a victory with the major indexes dropping sharply. Our Trend Tracking Index (TTI) for domestic funds/ETFs held above its trend line (red) by +2.30% (last week +3.48%) and remains in bullish mode. The international index has now broken barely below its long-term trend line by -0.17% (last week +3.10%).