While doing what is expected can be a good thing, it can also backfire, especially when Wall Street is clamoring for a serious assist from the Fed to boost the ailing economy one more time. Well, that did not happen, and disappointment set in pulling the rug out from any early upward momentum. As the chart from MarketWatch.com above shows, …
7 ETF Model Portfolios You Can Use – Updated through 9/20/2011
Gold slipped while the S&P 500 gained +2.47% since last Wednesday’s report. As a result, some of our ETF Model Portfolios retreated as well, as the roller coaster ride in the markets continued. Currently, it’s all about interpretation of the latest news about Greece & Co., while domestic weak economic reports have been mainly shrugged off. Uncertainty continues, and Wall …
Dying Into The Close—Major Market ETFs Surrender Gains
If you were a bull, you must have been excited to watch the rally unfold as all major market ETFs gained strongly. But, what starts well does not always end well. This was the case today, as the morning rebound succumbed to profit taking in the afternoon in anticipation of what the Fed might announce tomorrow. Will it be the …
Greek Worries Are Still Alive—Equity ETFs Pull Back
After last week’s sharp rebound, equity ETFs were not only overbought, but also ‘over-hoped,’ as one trader put it. Concerns about a Greek default sooner rather than later, due to lack of a new austerity plan, pulled the markets lower right at the opening as selling accelerated. It looked pretty ugly for a while as several attempts to swing higher …
All Eyes Are Focused on Fed and IMF Meetings; ETF Master Cutline List – Updated through 9/16/2011
Dollar intervention efforts by global central bankers and jawboning about support for Greece proved to be the secret sauce to get the major market indexes moving higher during the past five trading days. If all-around efforts continue to assist Europe, we might even see a break out the current 6 week trading range. However, there will be headline risk, depending …
Last Week In Review: ETF News And Blog Posts To 9/18/2011
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 9/18/2011. In a reversal from the prior week, the main event, the European debt saga, was put on the back burner thanks to plenty of jawboning by various politicians designed to appease the markets. It …