The Guggenheim Insider Sentiment ETF (NFO) has been around long enough to demonstrate its chops. During one of the worst downturns in U.S. history (10/07-3/09), both NFO and the S&P 500 SPDR Trust (SPY) reached a similar bottom at a similar pace. Buying-n-holding either one of these exchange-traded trackers was a recipe for ridicule. During the bull [...] [...more]
The emerging world’s success depends largely on two factors: (1) the ability to export inexpensive goods to the developed world and (2) commodity-driven infrastructure growth of the indutrializing economies. Both of these factors seem to be picking up momentum. On the first front, emergers will still be exporting to the European Union if the region avoids a wholescale slip into recession. [...] [...more]
Hedge funds aren’t done buying or selling. And they aren’t particularly interested in making huge bets in this environment… on the long or the short side. So what are hedge funds looking to do if they aren’t trying to make money? Right now, they are far more interested in keeping their powder puffs dry. And that means… they’re still [...] [...more]
Fundamental analysts have been banging the drum on cheap equities throughout the year. Many peg the Forward P/E for the S&P 500 at 14. Technical analysts, on the other hand, had started to suggest that a downtrend for stocks was imminent. China (PGJ), Europe (IEV) and Vanguard Total World (VT) had all slipped below respective 200-Day trendlines. The S&P 500 [...] [...more]
