843 Listed ETFs at the End of November
The quantity of Exchange Traded Products listed on U.S. exchanges surged to 843 in November. The month-end tally consists of 754 true ETFs and 89 Exchange Traded Notes (ETNs), which are actually bonds. Thirty-five new ETFs became available amid the market turmoil during the month. At least five more...
Consumer Spending Bad for Real Estate: SRS
Everything is interconnected in our economy. For instance, when banks can’t loan money, that affects the growth of technology firms. Many tech firms depend on bank financing to fund their operations. It’s one of the reasons rescuing banks has been such an important issue this year. But this...
Eight New ETFs from ProShares Began Trading Today
ProShares announced the availability of eight (8) new Exchange Traded Funds (ETFs) today designed to give investors leveraged and inverse exposure to various commodities and currencies. This marks the first time such products are available in the ETF format. There are other exchange traded products,...
Why Loan More?
Today your political heroes once again expanded the alphabet soup of “lending facilities” designed to unfreeze credit markets. First, the Fed will purchase up to $600 billion in mortgage loans backed by Fannie Mae and Freddie Mac. These two government-sponsored entities, you may recall,...
FAS: The First ETF to Double in 7.5 Hours
As was noted in a previous article, Direxion is making a splash on the ETF landscape. Their 3x ETF products track indexes at three-times the returns (and losses) of a regular ETF. It seems they’re already making waves. The recently introduced Direxion Financial Bull 3x ETF (FAS) wasted no time...
Obama’s ‘New’ Economic Advisory Team
You’ve heard the market looks ahead to the economic realities in the future. If expectations are positive, the market rallies. If expectations are negative, it falters. Nothing has changed in recent days. The Bush team does not wield the same power they did before the election. They’re not...
Rescuing the Citi
Was it prescient that we began the week talking about Citibank (C)? After a painful five market days, today we find ourselves discussing the same thing. Once the largest bank in the U.S. worth $274 billion, Citi is now less than 10% of it’s highest value. Investor confidence has cratered. Shocking...
Deflation in Action
Because it is a long commute from my home to InvestWithAnEdge.com Global HQ, I am particularly sensitive to gasoline prices. I look for the stations where I can get the best price without going too far out of my way. Earlier this year, when prices were approaching $4 a gallon, I found myself topping...
Active Real Estate ETF Raises Quantity to 834
Invesco PowerShares today launched the first actively managed real estate ETF, PowerShares Active U.S. Real Estate Fund (PSR). Unfortunately, this new ETF may not attract much attention as real estate was one of the poorest performing industries yesterday and is off to a terrible start again today. The...
Cash is King in Treasurys: SHY
There are some trading maxims that bear repeating every once in a while. One such proverb didn’t even arise from the exchanges. It came from NASA during the heyday of the space program in the 1960s. While the U.S. was racing towards the moon, dangers abounded for astronauts. Several were killed...
