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 10/21/2012.
Despite a very bullish start this past Monday, reality in form of poor economic data points and earnings disappointments by major players in the tech industry combined to knock the indexes off their lofty levels.
Despite Friday’s sharp pullback, the S&P 500 managed to salvage the week by ending up with a meager gain of 4 points.
With the indexes closing near their lows, more downside momentum is a distinct possibility, especially if the earnings parade does not live up to the already severely lowered expectations.
As I have repeatedly pounced on, the ‘disconnect’ of current market levels to underlying fundamentals is simply not sustainable in the long run. Whether this will be the day in the sun for the bears, is too early to tell, but we are prepared to take protective action, should this pullback turn into something worse.
Over past week, we covered the following:
Can Equities Do Well Even If QE Generates Too Much Inflation?
New ETFs On The Block: Vanguard Short-Term Inflation Protected Securities Index Fund (VTIP)
ETF/No Load Fund Tracker Newsletter For Friday, October 19, 2012
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 10/18/2012
Jobs Data Disappoints While Google Weighs On Equities; Europe Hits 16-Month High
Equities Eke Out Gain As Housing Offsets Earnings Lag; Europe Up As Spain Retains Rating
7 ETF Model Portfolios You Can Use – Updated through 10/16/2012
US Stocks Rally On Economy, Earnings; Spain Lifts Europe
US Equities Turn Higher As Retail Sales Lifts Sentiment; China, US Assist Europe
ETFs/Mutual Funds On The Cutline – Updated Through 10/12/2012
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