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 10/9/2011.
A rebound from a deeply oversold condition, along with some not too bad economic data, pulled the major indexes out of the doldrums with the S&P 500 gaining 2.12%.
As the global economy reaches a potential tipping point, my advice is to stay out of equities until the Eurozone debt crisis subsides and there is some indication of higher GDP growth in the U.S. and abroad. In other words, real upward momentum needs to be restored first.
Government fixed income may not offer much upside at the moment, but for us, cash and some ETF bond exposure is a better alternative than getting burned by equities in this highly volatile downside environment.
If you followed my sell stops rules, you should no longer have any equity exposure at this time with the possible exception of a couple of sector/country/bond ETFs, or hedged positions.
This week, we covered the following:
Saying It Like It is: A Trader’s Perspective
ETF Leaders And Laggards – For The Week Ending 10/7/2011
ETF/No Load Fund Tracker Newsletter For Friday, October 7, 2011
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 10/6/2011
Another Pop For Equity ETFs, But Will It Last? Standard & Poor’s Forecasts Further Drop
The Calm Before the Storm—Stay In Cash Or Retreat to Safer Non-Equity ETFs
7 ETF Model Portfolios You Can Use – Updated through 10/4/2011
Equity ETFs Tank—Then Rebound Sharply In Last Hour
Stumbling Into October—Major Market ETFs Retreat Sharply
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