Tuesday Outlook: Commodities, Emerging Markets

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Moving overseas and checking in on the failed decoupling notion.













We need more financial writers like Caroline Baum. As she suggests, sometimes you just have to let free markets work. The Fed created most of our problems and trying to put Humpty Dumpty back together again might just make matters worse.

I also noted this morning on MarketWatch their coronation of their “Forecaster of the Month” which I believe is a silly endeavor. After all there are hundreds of so-called forecasters out there and most of them are usually wrong. To crown one as right seems like finding a lottery winner. As ETF Digest Sacred Cow #9 advises, courtesy of economist Edgar Fiedler, “If you have to forecast, forecast often”.

That will wrap-up the first day in what could prove a long and volatile week. One moment you’ll look astute and the next like an idiot. But that’s the market we have.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, SDS, PSQ, QID, MYY, MZZ, IWM, RWM, TWM, DVY, IEF, UDN, GLD, GDX, USO, DBE, UNG, DBA, DBB, DBC, EFA, EEM, EWZ and FXI.

Comments

[Kripalani]

why did india funds IFN and IIF get clobbered on 3/10/08?

[Small Investor]

Kripalani:

seekingalpha.com/article/67768-india-s-s...

[User 151033]

Dave,

It's not that government intervention can't be useful; it's that it must be the right kind. One could argue, given the crisis, for the FED to do absolutely nothing would be considered irresponsible -- certainly politically and perhaps economically. So the question, in my mind, isn't should they be doing anything at all, but rather are they doing the right thing? The aggregate infusion of cash from several central banks in coordination with the FED today should tell the tale in a month or so.