Today's obsession with short-term blinks of the investment eye is Wall Street's attempt to take the market cycle out of the performance picture. Similarly, total return hocus-pocus places artificial significance on bond market values while it obscures the importance of the income produced. WCM users will have none of it; the investment gods are angry.
Intra Day Technical Analysis Video 01-12-09 (InTheMoneyStocks.com)
Bernard Madoff, the founder of Madoff Investment Securities and former chairman of the NASDAQ, was arrested yesterday on charges that he ran a giant $50 Billion Ponzi scheme. Madoff had amazed Wall Street for years by providing stellar returns to his investors, no matter what the overall market was doing. From 1994 to 2007, his portfolio only recorded 5 down months.