Wednesday Outlook: Commodities, Emerging Markets

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That wraps things up for this whiplashed trading Tuesday. Da Boyz had fun pushing each other around after lunch. When volume shrinks as much as it did today, those sitting on trading desks with large sums to trade can really get things going to suit their short-term needs.

But this is only a market for them since normal position traders can’t hold on using reasonable stops with this much volatility.

We’ve posted our portfolio returns for October, and our year-to-date returns from conservative to more aggressive portfolios are 3.89%, 5.49% and 9.09%. Naturally, some individual ETFs have performed better or worse. These results may seem a pittance but dare I say it’s “relatively” better than conventional performance from most managers?

Anyway, now we’re just lying in the weeds and waiting on whatever next opportunities may be present. But one thing is certain: Volatility and lethal intraday action must calm.

Let’s see what happens.

Have a pleasant evening and let’s honor those who have served.




Disclaimer: The ETF Digest has no position in any of the highlighted securities.

Comments

[Dr. O:]

A nice overview of current conditions.

2008 Nov 12 06:37 AM