SPDR KBW Mortgage Finance (KME) Begins Trading
The latest offering from State Street, SPDR KBW Mortgage Finance ETF (KME), began trading today. The new ETF is designed to track a Keefe, Bruyette & Woods (KBW) index of the 24 largest mortgage finance companies listed on U.S. exchanges. KME is the first new equity ETF in the SPDR family since...
Ponzi Schemes, Vice Presidents and Free Information
I read, among many other things, the blog of an Australian money manager named John Hempton. His company is Bronte Capital. As a non-American he has a different perspective that I find interesting. Anyway, earlier this week Hempton posted a story about a hedge fund called Ponta Negra that he suspected...
Tata Motors Picking Up the Pieces (TTM)
Where was your last car made? Chances are the maker of the car in your driveway was headquartered in either Michigan or Japan. But what about the next time you go car shopping? Did you know there will be another player on the market? More than that, you won’t have the same selection you once had....
Stress Tests Reveal: Banks Need More Money!
We at Invest With An Edge have been dubious about the Treasury’s so-called ’stress tests” on the country’s 19 largest banks. The testing is now complete and the banks have been informed of the results. The public has not – though some details are leaking out. As expected,...
Bernie Madoff Summarized
Fortune has an extensive piece on Bernard Madoff’s well-publicized $65 billion fraud. Entitled How Bernie Did It, they uncover various aspects of the plot to bilk investors out of billions. It’s worth the read, but I understand the time commitment of scanning an 11,000 word essay. I’m summarizing...
ETFs with Volume Spikes
Here are the ten ETFs with the largest volume spikes for the week ending April 24, 2009. We calculate this by looking at the five-day average volume versus the 50-day average volume. We exclude ETFs and ETNs that did not have an Average Daily Value Traded (ADVT) of at least $1 million for the past...
ProShares On Juice – Leveling The Playing Field With Steroids
Things can change quickly in the capital markets. Bears can swiftly turn into bulls, and rallies can end suddenly and without warning. The same is true in the mutual fund business. For years Direxion played second fiddle to ProFunds (owner of ProShares). Now triple-leveraged ETFs have suddenly...
Comfortably Numb
The U.S. stock market is struggling to hold on to gains accrued since early March. Upward momentum seems to have stalled at resistance around the February highs. The drop on Monday looked like it might be the beginning of something worse, but there has been no follow-through yet. The stubborn short-term...
Equity ETFs with Smallest Bounce
Here is a list of the 10 equity ETFs with the smallest retracements (as of April 21, 2009) of their declines of the past year. Yesterday I posted the 10 equity ETFs with the largest bounce, which prompted inquires as to what the other end of that ranking looked like. To make today’s list, I used...
Mine Palladium and Platinum (SWC)
In 1803, scientist William Hyde Wollaston discovered a new metal in South America. Found in platinum ore, Wollaston isolated the metal using a complex chemical solution. This metal would eventually be used in everything from tuberculosis treatments to multilayer ceramic capacitors. Jewelers, photographers,...
