Reference Material

• Bull Market Extensions
  There've only been two before this one, in 1961 and 1987. Here's what they looked like.
  
  
• ISI's Hedge Fund Survey
  It's now the best sentiment indicator of them all. Here's an explanation -- and a chart.
  
  
• Carpenter Analytix HFA
  Here's another -- and different -- view of hedge fund sentiment. Robin Carpenter's Hedge Fund Analytix (HFA) tracks statistical asset exposures -- stocks, bonds, dollar, and commodity -- among managed futures hedge funds. Here's an explanation -- and a chart.
  
  
• Breakaway Momentum
  We just saw it for just the 20th time since World War II -- and third time in 2009!
  
  
• Tracking The Rydex Funds' Money Flows
  How we calculate them -- and why they are so valuable to follow. (NOTE: The Rydex data is becoming less and less helpful due to the migration of assets into ETF's. As a result, we're also now calculating the same inflow/outflow data for the ProFunds ETF's, which include index and leveraged index ETF's plus inverse and leveraged inverse index ETF's.)
  
  
• "Normalized" NASDAQ/NYSE Volume
  This is the best way to measure speculative activity; we've been using it since 1979. An explanation of what it is, why it works, and how to calculate it. 
  
  

• Fidelity Sector Fund Cash/Asset Ratio
  We had this on the site because it was such a great indicator. Alas; it no longer works; money pouring into money market funds of all stripes have distorted the ratio beyond belief. (It was 12.9% and 14.1% at the July-October 2007 tops!) We left it up here for any historical value it might have.

Links Of Special Interest

• "What I Do And How I Do It"
  A nice "human interest" article about me that ran in one of our local newspapers recently; what I do and how I do it -- right out of my home office.

• Joke Of The Month
  (Although I think this gets more hits than everything else combined as of the end of 2010 the "Joke Of The Month" has retired along with me.)

• Financial Trivia Question Of The Month

Financial Links

• Blog Links
  Financial blogs have become an important source of information. Trouble is, most of them are just a waste of time. Here are six that aren't.

• Financial News/Quotes
  Follow the markets during the day...after-hours...all through the night... and in pre-market trading the next morning.

• General Financial Links

• General News Links/Live Audio Feeds

• Technical/Statistical/Investment Strategy Sites

• Brokerage House Research

• Economic Data/Forecasts

• Mutual Funds

Some Other Neat Links

• My Favorite Amateur Radio Links

• Weather Links

• Fun Stuff That Demonstrates The Power And Versatility Of The Internet

• Walter Deemer's Obscene Link Of The Month - (ADULTS ONLY!)