[Chart courtesy of MarketWatch.com] Major Market ETFs roared back for a second straight day despite persistent uncertainty in Europe. The S&P 500 bumped up 1.88% while commodities also did well, with oil and gold rising 1.20% and 2.16%, respectively. While some optimism has crept back into the market, I find it puzzling how the European negativity appears to be so …
Major Market ETFs Rebound — Fed Policy Remains Unchanged
While the Fed left current interest unchanged at record low levels, it will also continue with operation “Twist” by buying longer term treasuries and selling the short end of the yield curve. The Fed’s view of the economy was considered “frustratingly slow” but appeared to be somewhat stronger than in October. After the announcement, the markets briefly sold off as …
7 ETF Model Portfolios You Can Use – Updated through 11/1/2011
Just as the European debt crisis seemed to have been brought under control, the Greek PM threw a wrench in the agreement by announcing a referendum to be held later on this year to decide on the bailout proposal. I commented on this latest development more extensively in yesterday’s market commentary. The markets, as measured by the S&P 500, gave …
Striking a Tragic Fate – Are Equity ETFs Destined for a Downfall?
[Chart courtesy of MarketWatch.com] As the situation in Europe unfolds, equity ETFs tumbled once again as the S&P fell 2.79%. And after a period where it looked like volatility was falling, the risk switch has turned back on again, with the VIX rising 16.05% to 34.77. Also, the dollar improved against the Euro to end the day at $1.37/Euro. We …