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]
According to Paul La Monica at CNN Money, the level of insider selling is near the highest that it has been in a decade. Specifically, close to 1800 S&P 500 executives cashed in shares over the most recent 3-month period. Does this mean that the “smart money” is leaving equities? Or do perma-bears love to point [...] [...more]
Roughly two-thirds of all Americans express a pessimistic outlook on the economy as well as its future. Perhaps ironically, CNBC recently reported that wealthier citizens are even more downbeat than the nation at large. One might hope that the bleak view is “transitory.” However, the middle class, upper-middle class and wealthiest among us are seriously skeptical about their prospects. Need [...] [...more]
