ETF 2-for-1 Splits – Gimme’ a Break!
Earlier this week, RevenueShares Investor Services declared a 2-for-1 stock split for three of its ETFs. At the close on Wednesday, November 5, RevenueShares Mid Cap Fund (RWK), and RevenueShares Small Cap Fund (RWJ) will issue one additional share for every outstanding share. On Thursday, the ETFs will...
Bad News Is Good News, For Now
The U.S. economy just went through its biggest decline since 2001, according to today’s quarterly Gross Domestic Product report from the Commerce Department. GDP by 0.3% in the third quarter, which doesn’t sound so bad but is probably understated. Nonetheless, analysts were expecting the...
Time to Shop – Wait to Buy (DOW)
Market whipsaws like this one don’t happen very often. For example, the Dow Jones Industrial Average surged nearly 900 points yesterday. After the worst October since the 1930’s, we expected a bounce like this. However, it’s too soon to rejoice. As CNN/Money noted, a similar jump...
Cash is Risky
When considering what to do with the growth-oriented part of your portfolio, have you considered how dangerous it might be to hold cash? Before we get into the nuts and bolts of the problem with cash, let’s review how difficult it is to tactically manage around corrections and bear markets. Having...
Crisis of Confidence Hits Consumers
Been shopping lately? If so, you probably didn’t spend much. For several weeks, retailers have been saying anecdotally what was confirmed today by real data: consumers are cutting back – way back. The Conference Board’s U.S. Consumer Confidence Index fell this month to its lowest level...
Strong Dollar, Weak World
Not long ago, economists were declaring the end of the dollar as the World’s Reserve Currency. As crude oil climbed and other currencies surged against the dollar, it looked like the good ‘ole Greenback was done for. Investors flocked to international markets and were rewarded for their efforts....
White Swan, but Very Few People Saw It Coming
Nassim Taleb, in an outstanding Time Magazine interview, claims the current crisis is in fact a White Swan, not black. In case you’re wondering, here’s what a Black Swan is: “For centuries, Europeans believed that all swans were white – until black swans were discovered in...
PNC Leading The Way To Recession
Today PNC Financial Services, Pennsylvania’s largest bank, agreed to buy National City Corp, which is Ohio’s largest bank, for $5.2 billion. NCC has heavy exposure to subprime mortgages and its stock is down more than 80% this year. The interesting part is that PNC is funding the acquisition...
Taiwan & Treasuries
With the market heading down again today and investors buying even more U.S. Treasurys, sometimes it’s worth taking a ‘step back look’. Investors obviously trust Treasurys more than stocks. However, the situation begs an important question: are U.S. Treasurys worth it? In other words, does...
Conflict of Interest
The House Oversight Committee held a hearing yesterday that isn’t making much noise in the press. With the Dow on a roller coaster ride that won’t end, it’s easy to miss news and other noteworthy items. In fact, the news flow of late has been so strong, not to mention in the...
