Friday Outlook: Time for the Straight Talk

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That wraps it up for today. I understand what officialdom is trying to do, and it makes sense to a certain extent. But the Fed for one has been telling us for months how they wanted to be more open [Glasnost Policy] in their communications with the public. I don’t see that frankly. What we have is data manipulation and backdoor deals with banks. If that’s what they want to do, then let’s have the straight talk.

Have a great weekend.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, RWM, MYY, PSQ, SHY, IEF, GLD, DBC, DBA, and EFA.

Comments

[Donald Johnson:]

Interesting. What these charts say to me is that these ETFs are trading vehicles, not investments. Analyzing one futures market is difficult, figuring how how an index is likely to move based on fundamentals or individual contracts' charts is almost impossible. So it seems all you can do is trade theETFs' charts.

As Bespoke/Reuters note, most analysts think futures are over bought, and the fundamentals look like they'll turn negative sooner than later. Thus, buy puts, short futures or ETFs or do some spreads to hedge risks.

2008 Feb 23 02:15 PM