Pundits [bulls] interpreted Fed minutes released today to mean everything is in balance -- interest rates won't hurt the economy and inflation is contained. Raising interest rates from 1% to 5% is not a big deal is it?
It really doesn't matter anyway since bulls still have the ball and they're putting on a Globetrotter's performance.
It was noted yesterday that the Gates Foundation purchased $188M worth of homebuilder stocks in the last quarter. That's a lot of sawdust!
Folks wonder sometimes why we post the same charts all the time. It's because these usual suspects are where trouble can emanate.
Other markets that interest us include:
Someday, maybe even tomorrow, we'll look at these charts and not see anything this bullish. But, until that day, enjoy!
We're posting tonight or tomorrow another podcast featuring Tim Meyer, ETF Business Manager, Rydex Investments as we discuss their new Equal-Weight S&P Sector ETFs which were released last week. You may view it free of charge on our homepage.
Have a pleasant evening.
Disclaimer: The ETF Digest maintains positions in: iShares Lehman 7-10 Yr Treasury Bond ETF (NYSEARCA:IEF), streetTRACKS Gold Trust ETF (NYSEARCA:GLD), S&P 500 Index (NYSEARCA:SPY), iShares Dow Jones Select Dividend ETF (NYSEARCA:DVY), PowerShares Zacks Small Cap (PZJ), PowerShares Zacks Micro Cap (NYSEARCA:PZI), iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB), iShares S&P Europe 350 Index (NYSEARCA:IEV), iShares MSCI Switzerland Index (NYSEARCA:EWL), iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) iShares S&P Latin America 40 Index (NYSEARCA:ILF), Central Fund of Canada (NYSEMKT:CEF), India Fund Inc. (NYSE:IFN), Templeton Russia & Eastern Europe Fund CEF (NYSE:TRF), iShares MSCI Malaysia Index (NYSEARCA:EWM) and iShares FTSE/Xinhua China 25 Index (NYSEARCA:FXI).