Skip to main content

Mid-afternoon update

I should be posting more but its still summer, and I am 'blaming it on the alcohol'. Ha-ha. Hung out with an old classmate last night until 2 AM this morning; catching up on where and what we've done so far in life and of course, we were trying to score with hot chicks in the bar. Didn't happen. Lol! I didn't drink much, just a couple of beers, but wow-w, this morning I felt like I had been drinking all night. Mid-afternoon and I am still trying to shake it off.

Parsing the Feds- excerpt from August 12, 2009 press release:

"Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks."
What does that mean? Hmm! Leveling out, leveling, leveling out. Hmm! Leveling out to or from the sharp 90 degree downward economic spiral that the economy experienced over the last 24 months? OK, the Feds didn't really say much. Meaning, we may have to wait until the next meeting to get a stronger signal and direction from the Feds. Maybe my friend and expert economist, Todd McKissick knows. I will see what he thinks, if I can get a hold of him this weekend.

The buzz on the street is that China and India are going to lead the world economy out of the recession. I don't really believe that, but what if? This weekend I will take a firmer look at ETFs funds and mutual funds that invest in China or emerging markets funds. It should be interesting to see what I come up with. Will post findings next week on blog.

8/13/2009 12:29 PM
Labels:

Comments

Post a Comment

Popular posts from this blog

ETFs -More training and education

By Rick Walter ETF Training & presentation, education and more... There is so much out there. I went to the iShares website and found a series of educational tools, webinars, web casts , tutorials and presentations that may help a beginner and even experienced investors. I was impressed with the tutorials, but I still think that the financial buzzwords in the presentations may be a bit too complex for beginners. However, the site overall presentation and content is very good! What about taxes? By trade I am a tax professional; I believe that all investments should be analyzed first from a tax position, before an investment decision is made. ETFs are labeled as very tax efficient vehicles. Here is a good article, in my opinion, that explains the tax efficiency issue very well for ETFs. Check our external link section for links to websites that I believe provide top notch information on ETFs, including sponsors, distributors and advisers. I will be adding to the list daily. If th...
Post a Comment
Read more

ETF update

I have been tracking exchange-traded fund indexes of oil and gas, banking, health and pharma, real estate and commodities but none of these indexes are budging from their lows. Maybe, I am looking at this in the wrong way. A few points here, a few points there- nothing major; The only investors that are possibly making money are the short sellers. If you are good at short selling then this is the market for you. Lets take a look at a good short fund.
Post a Comment
Read more

New ETF Posting

By UCS Investment Co. The new ETF posting on the AT-ETF Exchange is the PowerShares KBW Property & Casualty Insurance Portfolio (Fund) . The Symbol is KBWP . This is a relatively new fund which opened in December of last year. The Fund is up about 1% so far this year. We are not expecting a huge run up in price in the short-term on this fund but we are looking forward to steady gains in the share price of the fund as the economy improves.
Post a Comment
Read more