The markets took another nosedive today as Morgan Stanley warned about a global recession, which caused 10-year Treasury yields to drop below 2% as the flight to safety continued. As a reader of this blog, the dreaded “R” word (as in ‘Recession,’ not in ‘Recovery’) should be a familiar tune, as I have commented about this very possibility for quite …
Market Review – High Volume ETFs On The Cutline – Updated Through 8/17/2011
While the rebound of the past 5 trading days provided welcome relief to those investors who kept their equity ETF positions through the recent market beating, the effect on the cutline has been negligible. That’s a sign that the recent rebound came from a much oversold position with short covering playing a big role by providing the ammunition needed to …
7 ETF Model Portfolios You Can Use – Updated through 8/16/2011
Sharp market drops followed by stunning recoveries provided a casino like atmosphere on Wall Street during the past week. We initiated a hedge for our Trend Tracking Portfolio (#1). Unfortunately, the bulls showed some life again during the past 5 trading days, after the bears were dominant, which proved to be drag on our hedged position. Consequently, this particular portfolio …
Weak Economic News Drag Down Equity ETFs
Weak economic news proved to be a drag on equity ETFs as Europe’s main engine, Germany, just about stalled in regards to second quarter GDP. Domestically, housing starts in July were nothing to brag about. German and French leaders proposed to better coordinate financial planning and to enact a tax on financial transactions. Lovely; I wonder if there ever will …
Major Market ETFs Surge On Buyout
The markets stayed in rally mode for the third day in a row, supported by rises in Asia and Europe, along with the announcement by Google to buy Motorola Mobility. The major Market ETFs have now recovered all of their losses since the U.S. debt downgrade on August 5. Despite this bit of euphoria, the problems that prompted the downturn …
ETF Master Cutline List – Updated Through 8/12/2011
After another wild week in the markets, with a downward bias, the number of ETFs residing above the cutline has been reduced again, which is no surprise. At this point, there are only 36 ETFs positioned in Bull Market territory, above the Cutline, while 360 ETFs are stuck on the Bear Market side. Leading the pack are the precious metals, …