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 3/17/2013.
It was a slow week with the S&P 500 “only” adding 0.6% to the prior five trading day’s sharp gains as the benchmark neared its 2007 all-time high. While the Dow has been frolicking in record territory for the past 10 days or so, the S&P has been lagging behind.
It seems that it’s only a matter of time until this milestone will be conquered as well since, as I posted before, the Fed, with its loose monetary policy, has become the decision maker and planner as to how much the equity indexes are allowed to move and in which direction.
Since economic fundamentals are disconnected from current market levels, I can see only two scenarios in the long run. Either the fundamentals improve, due the Fed’s desired and intended wealth effect, justifying the elevated market levels, or, the indexes reverse their trend and head sharply south to synchronize with the slowing economy.
There is way to anticipate when either one of these scenarios will occur, so it behooves you to not try to be a hero and make a wild guess, but to simply follow the trends and use my recommended exit strategy when necessary. To my way of thinking, only the market trends, as I measure them via my Trend Tracking Indexes (TTIs) can give you a true answer as to where market direction is while the fundamentals present a murky picture at best.
Over past week, we covered the following:
One Man’s Opinion: Is New Cash Driving The Market Indexes Higher?
New ETFs On The Block: Global X Superdividend US ETF (DIV)
ETF/No Load Fund Tracker Newsletter For Friday, March 15, 2013
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 3/14/2013
Jobless Data Lifts S&P 500 To Near Record; Europe Stocks Rise To 4 ½ Year High On US Rally
Dow Records Longest Winning Streak Since 1996 On Retail Sales; Europe Lower On Data, Italy Auction
7 ETF Model Portfolios You Can Use – Updated through 3/12/2013
Stocks Close Mostly Lower, But Dow Hits Record; European Stocks End Flat
Index ETFs Continue Record Run As S&P Nears Record High; Europe Eases On Italy
ETFs/Mutual Funds On The Cutline – Updated Through 3/8/2013
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