ETF Expert

I read the news today… oh boy. Citigroup downgraded. Gold surged to a 28-year high. Crude futures hit an all-time record of $97 per barrel.

What’s a sane investor supposed to think? Apparently, you shouldn’t "think" very much about any of it!

Stock markets around the world posted remarkable gains of 1% or more. And here at home, the Nasdaq 100 (QQQQ) closed within 0.75% of its 52-week peak.

Government bonds also tanked as money poured back into stocks. And why not? How attractive is a 4.35% yield for holding the 10-year Treasury note? (That depends on whomever you ask.)

Tech looks good, financials look bad… what else is new? How about the iShares S&P Global Consumer Staples Fund (KXI) hitting a record at 62.5.

Recently, P "Diddy" Combs entered into an agreement with Diageo to sell fine spirits (alcohol). And British Tobacco has never sold more cigarettes.

Granted, there’s a bit of sin in staples. Yet the iShares S&P Global Consumer Staples Fund (KXI) mostly represents companies that make stuff we buy come heck or high mortgage. I am talking about the "1000" places on the body to wash with Unilever. Or owning a piece of chocolate cake with Nestle.

For those that think they can’t have their cake and eat it too, I nominate the iShares S&P Global Consumer Staples Fund (KXI). It’s semi-sweet… and rarely bitter.

Disclosure Statement: ETF Expert is a web log ("blog") that makes the world of ETFs easier to understand. Pacific Park Financial, Inc., a Registered Investment Advisor with the SEC, may hold positions in the ETFs, mutual funds and/or index funds mentioned above. Investors who are interested in money management services may visit the Pacific Park Financial, Inc. web site.