ETF Expert

Bernanke’s testimony to Congress gave stocks a monstrous boost early on Wednesday. Why? He suggested that the Fed may buy more securities with dollars that didn’t exist several years ago.

Then investors thought twice about the implications, as stocks gave back most of their Fed-inspired gains. After all, if the Fed is seriously considering QE3, unemployment and economic malaise may be much worse than the central bank previously estimated.

In fact, the seemingly endless creation of electronic cash for asset purchases will likely result in more dollar depreciation and higher commodity prices. Sooner or later, soaring input costs get passed along to an unhappy consumer.

In the end, the stock market didn’t know quite what to think. In contrast, Gold ETFs rocketed to record highs.

Gold ETFs Near Lifetime Highs After Fed Minutes, Ireland Downgrade – John Spence, ETF Trends
What Has Led The Market Lower? – Bespoke
An ETF Primer For Retirees And Conservative Investors – Michael Rawson, Mornigstar
Barclays Launches Additional Series Of Leveraged iPath ETNs – ETF Express  
7 Investments To Watch If The Euro Slide Continues - Hedgephone   

Disclosure Statement: ETF Expert is a web log (”blog”) that makes the world of ETFseasier to understand. Gary Gordon, MS, CFP is the president of Pacific Park Financial, Inc., a Registered Investment Adviser with the SEC. Gary Gordon, Pacific Park Financial, Inc, and/or its clients may hold positions in the ETFs, mutual funds, and/or any investment asset mentioned above. The commentary does not constitute individualized investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial, Inc. or its subsidiaries for advertising at the ETF Expert web site. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert disclosure details here.

Tags | "sector etfs", ETF Investing, Europe ETFs, Gold ETFs, Leveraged ETNs