Sure some investors are just throwing money around when they get a whiff of any possible opportunity. Recalling comedian Henny Youngman, "take Novastar (NFI) please?" The subprime lender with difficulties like many others put itself up for sale Thursday. That attracted the crazies, who bid up the stock 14% only to see it close up just a few cents.
Enough of that craziness, we're still primarily focused on sectors we think merit your attention.
Bride of Chucky? [Couldn't resist, sorry!]
Okay so enough with currencies, commodities, housing and Chucky the Consumer. Surely there are other things going on after all the U.S. markets rallied didn't they? Okay, right you are!
And now for something a little different globally speaking.
"Spanning the globe to bring you the constant variety of sport, the thrill of victory and the agony of defeat." Hey, someone's used that already!
Well, you get the idea. Global markets are "still" where it's at, while U.S. markets while stronger aren't keeping pace. If you don't have overseas exposure you're so last century man! But, nothing lasts forever. If markets decline from here no doubt pundits will be pointing a finger at the weak dollar, high energy prices and other things totally ignored in the panic to buy in.
Have a great weekend!
Disclaimer: Among other issues the ETF Digest maintains long or short positions in: PowerShares DB US Dollar Index Bearish (NYSEARCA:UDN), streetTRACKS Gold Trust ETF (NYSEARCA:GLD), PowerShares DB Precious Metals Fund (NYSEARCA:DBP), PowerShares DB Energy Fund (NYSEARCA:DBE), PowerShares DB Commodity Index Tracking Fund (NYSEARCA:DBC), CurrencyShares Australian Dollar ETF (NYSEARCA:FXA), CurrencyShares Canadian Dollar (NYSEARCA:FXC), Euro Currency Trust ETF (NYSEARCA:FXE), streetTRACKS SPDR Homebuilders ETF (NYSEARCA:XHB), streetTRACKS KBW Bank (NYSEARCA:KBE), MidCap SPDRs ETF (NYSEARCA:MDY), iShares Russell 2000 Index ETF (NYSEARCA:IWM), iShares MSCI South Korea Index Fund ETF (NYSEARCA:EWY), iShares MSCI Japan Index ETF (NYSEARCA:EWJ), iShares MSCI Germany Index Fund (NYSEARCA:EWG), iShares MSCI Netherlands (NYSEARCA:EWN), iShares MSCI Brazil Index ETF (NYSEARCA:EWZ), iShares Trust FTSE-Xinhua China 25 Index Fund (NYSEARCA:FXI), iShares MSCI Australia Index Fund (NYSEARCA:EWA), iShares MSCI Canada Index ETF (NYSEARCA:EWC), First Israel Fund Inc. (NYSEMKT:ISL) and Turkish Investment Fund Inc. (NYSE:TKF).