[Chart courtesy of MarketWatch.com] US stocks ended in the red Wednesday, losing more than one percent after reports suggested that the European Central Bank has rejected the recently nationalized Bankia group’s bailout plea. The ECB issued a statement Wednesday stating it was not consulted and can’t recapitalize Spain’s fourth largest bank. US Treasuries soared as investors sought refuge in safe …
U.S. Stock Indexes Slide, UUP Gains, GLD Loses Shine
[Chart courtesy of MarketWatch.com] U.S. indexes reversed Tuesday’s gains after Fed Chairman Ben Bernanke hinted at stopping further liquidity expansion measures today. In other words, he took the punch bowl away for the time being by showing no monetary exuberance. In a testimony before the Congress that started at 10 a.m. Wednesday, Bernanke said though continuing with liquidity enhancing measures …
ETF Leaders And Laggards – For The Week Ending 11/18/2011
Here is a quick ETF review of the past week’s Leaders and Laggards from my High Volume ETF Master list: With Europe pulling down world markets, there weren’t too many places to hide. The S&P 500 lost -3.8% and even the hedge against uncertainty, Gold, dropped -3.62% during the last five trading days. As you can see from the above …
How Low Can The Bullish Dollar ETF (UUP) Go?
How much further can the dollar plummet? That was the question the WSJ (subscription required) tried to answer in “Dollar’s Race to the Bottom:” Even as the tired mantra of a U.S strong dollar policy was repeated by Treasury Secretary Timothy Geithner this week and Ben Bernanke on Wednesday, the greenback continued plumbing new depths. The ICE dollar index is …