UCS Market update

I did not post yesterday because it seemed like business as usual. Markets are expected to rise today according to a before-the-bell report listed on the WSJ online.

However, the major indexes that represent most aspects of the markets are still trading very tightly. Hardly any buyers; again it seems like there is this shifting of money around- from one account to another. It's funny that when you have a lot of time on your hands that that is the time when you notice things that you may not have noticed before, such as the net assets of many ETFs. They are not increasing! This could be a problem or maybe not.

On another note, I still have not answered the question of 'What to buy- foreign or domestic', from my previous posts on Wednesday June, 24th. I will try to make another attempt to provide some clues today.

7/1/2009 9:15 AM

Comments

Tax Free Income: NC Bonds with 6.15% Coupon Available

WILMINGTON NC LTD Bonds , OBLIG- REV TXBL SER B B/E- OID. Rating: AA2/AA, State: North Carolina, Cpn: 6.15% Mat: 6-01-2027, PRX: 108.452. If you are interested in obtaining additional information regarding the purchase of these bonds, please contact Best Advisor Rick @1-877-788-1732.

The Old Reality is Still the New Reality

The Old Reality is Still the New Reality Dodd Frank Illustration I sat at my desk last week wondering what went wrong. Was I experiencing some type of trading depression? I checked my models, macro numbers, company profits, software, pricing etc. Some of my option contracts were either worthless or were on their way to being worthless. The pricing of the contracts were not in-line with the actual underlying price of the securities that I was trading. The options' pricing per contract were either priced 40% or more above what the underlying security was worth or priced 40% or more below what the securities were worth. This old reality was still the new reality even after all of financial fixes implemented to fix these same problems that contributed to the financial meltdown in 2007-2008. The new Dodd-Frank Wall Street Reform and ConsumerProtection Act which was supposed to clean up many of the abuses in the financial system such as accountability, transpare

What to Buy- Foreign vs Domestic funds?

Calm before the storm. At least that's what I've been reading. It seems that there is still not much buying. Much of the buying seems to be just shifting funds from one account to the next. It's called "churning" in broker turns. So, I wanted to see if anyone was buying, you know, new money. I clicked on over the Investment Company Institute website to see if they could shed some light on this matter. Based on their recent reports, "Estimated inflows to long-term mutual funds were $ 12.48 billion for the week ended Wednesday, June 10, 2009 ", versus $ 13.646 billion for the week of June 3. At least it wasn't negative. There is buying. As a matter of fact, buying has almost doubled compared to inflow numbers reported in May. I also noticed that Equity Foreign Funds had a larger percentage increase than other categories while Taxable Bond Funds had a noticeable percentage decrease in inflows as compared to the previous periods. Interesting. Are in

All Things ETF

Search This Blog